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"value": "0.125",
"decimals": 3,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
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"value": "Accounting policies Dividend Proposed dividends are recognized as a liability at the time of approval by the General Meeting (time of declaration). Translation reserve The translation reserve comprises foreign exchange differences arising from translation of the financial report for entities with a different functional currency than Danish kroner.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
"language": "en",
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"value": "Accounting policies Dividend Proposed dividends are recognized as a liability at the time of approval by the General Meeting (time of declaration). Translation reserve The translation reserve comprises foreign exchange differences arising from translation of the financial report for entities with a different functional currency than Danish kroner.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
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"value": "Accounting policies Dividend Proposed dividends are recognized as a liability at the time of approval by the General Meeting (time of declaration). Translation reserve The translation reserve comprises foreign exchange differences arising from translation of the financial report for entities with a different functional currency than Danish kroner.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDividendsExplanatory",
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"value": "Accounting policies Dividend Proposed dividends are recognized as a liability at the time of approval by the General Meeting (time of declaration). Translation reserve The translation reserve comprises foreign exchange differences arising from translation of the financial report for entities with a different functional currency than Danish kroner.Accounting policies The cash flow statement is presented using the indirect method based on operating profit. The cash flow statement shows cash flows for the year, the change in cash, as well as the balance of cash at the beginning and end of the year. Cash flow from operating activities Cash flow from operating activities is calculated as profit before tax adjusted for noncash operating items, changes in working capital, interests received and paid, and corporation tax paid. Cash flow from investment activities Cash flow from investment activities comprises payments relating to purchase and divestment of businesses and activities, purchase and divestment of intangible and other long-term assets as well as purchase and divestment of securities not recognized as cash and dividends received. Cash flow from acquired companies is included from the date of acquisition, while cash flow from divestments is recognized until the time of sale. Cash flow from financing activities Cash flow from financing activities comprises changes in size or composition of share capital and related costs, pro-ceeds from capital increase/warrants exercised as well as raising and repayment of loans, repayment of interest-bearing debt, repayment of lease liabilities, purchase and divestment of treasury shares and payment of dividend to shareholders. Inception of leases are treated as non-cash transactions. Cash flow realigned to financial leases are recognized as payments of interest and repayment of debt.The financial statements for 2024 for Columbus, which include financial statements for the Parent Company Columbus A/S and consolidated financial statements for the Columbus Group have been prepared in accordance with the IFRS accounting standards as adopted by the EU and Danish disclosure require-ments for annual reports prepared after reporting class D (listed), cf. IFRS Executive Order issued pursuant to the Finan-cial Statements Act. Columbus is a public limited company seated in Denmark. The consolidated and Parent Company\u2019s financial statements are presented in Danish Kroner (DKK), which is the presentation currency for the Group's activities and the functional currency of the Parent Company. The consolidated and Parent Company\u2019s financial statements have been prepared based on historical cost. The main ele-ments of the accounting policies and changes compared to last year due to new and amended standards are described below. The accounting principles are also disclosed in each of the indi-vidual notes to the financial statements. In preparing the consolidated and Parent Company\u2019s financial statements, the management makes various accounting as-sessments that form the basis of presentation, recognition and measurement of the Parent Company and the Group\u2019s assets and liabilities. The most significant estimates and judgements are presented in note 2. Consolidated financial statements The consolidated financial statements include Columbus A/S and the companies in which the Group holds more than 50% of the voting rights, or otherwise has the power to govern the fi-nancial and operating policies for achieving returns or other benefits from its activities. Principles of consolidation The consolidated financial statements are prepared based on financial reporting for Columbus A/S and entities controlled by Columbus A/S. Control exists when Columbus has effective power over the entity and has the right to variable returns from the entity. The results of subsidiaries acquired or disposed of during the year are included in the consolidated income state-ment from the effective date of acquisition and up to the effec-tive date of disposal. The consolidated financial statements are prepared by combining financial statements uniform items. The financial reporting that is used for the consolidation is prepared in accordance with the Group's accounting policies. On consolidation, intercompany income and expenses, inter-company accounts and dividends, and gains and losses on transactions between the consolidated companies are elimi-nated. In the consolidated financial statements items of subsidiaries are included 100%. Foreign currency translation On initial recognition, foreign currency transactions are trans-lated applying the exchange rate at the transaction date. Re-ceivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the bal-ance sheet date. Exchange differences that arise between the rate at the transaction date and the one in effect at the pay-ment date or the rate at the balance sheet date are recognized in the income statement as financial income or financial ex-penses. Property, plant and equipment, intangible assets, and other non-monetary assets that have been purchased in for-eign currencies are translated using historical rates. When subsidiaries, which prepare their financial statements in a functional currency different from DKK are consolidated into the consolidated financial statements, the items of the income statement are translated at the average exchange rates. Exchange differences arising out of the translation of foreign subsidiaries\u2019 balance sheet items at the beginning of the year using the balance sheet date exchange rates as well as out of the translation of income statements from average rates to the exchange rates at the balance sheet date are recognized in other comprehensive income. Gains and losses on divestments or dissolvement of subsidiaries or associates Gains or losses on divestments or dissolvements of subsidiaries and associates are stated as the difference between the sales price or settlement price and the fair value of any remaining eq-uity and the book value of net assets on the time of sale or winding up, including goodwill, less any minority interests. Gains or losses are recognized in the statement of comprehensive in-come as well as accumulated foreign currency translation ad-justments previously recognized in other comprehensive in-come. Business units that have been divested of in the financial year or are expected to be divested within the following 12 months, are in the profit and loss classified as discontinued operations, and in the balance sheet classified as assets and liabilities held for sale. For further description of the accounting principles, please refer to note 27. Impairment of tangible and intangible assets as well as investments in subsidiaries The carrying values of tangible and intangible assets of indefi-nite useful lives as well as investments in subsidiaries are re-viewed at each balance sheet date to determine any indications of impairment. If this is the case, the asset's recoverable value is determined to identify any need for impairment and the extent thereof. If the asset does not generate cash flow independent of other assets, the recoverable amount of the smallest cash-generating unit to which the asset belongs is determined. The recoverable amount of an asset is the higher of net selling price and value in use. For cash-generating units, the impairment is firstly distrib-uted on goodwill, and then any remaining impairment is distrib-uted to other assets in the unit. Impairment losses are recognized in the statement of compre-hensive income. On any subsequent reversal of impairment losses resulting from changes in the assumptions used to de-termine the recoverable amount, the asset and the cash-gener-ating unit\u2019s carrying amount is increased to the adjusted recov-erable amount, however not exceeding the carrying value of the asset or cash-generating excluding impairment. Impairment of goodwill is not reversed. Estimate of recoverable amount of goodwill and internal applications The determination of impairment of recognized goodwill re-quires determination of the value of the cash-generating units to which the goodwill is allocated. Determination of the value requires an estimate of expected future cash flows of each cash-generating unit and an appropriate discount rate. On 31 December 2024, the carrying value of goodwill is DKK 635,699k. For a detailed description of methods and assumptions for impairment of goodwill, see note 10. The determination of impairment of recognized internal appli-cations requires determination of the future economic benefits derived from these assets, which are determined as the optimi-zation of internal workflows. At 31 December 2024, the carry-ing value of internal applications is DKK 31,569k. For a more detailed description of methods and assumptions related to recognition of internal applications, see note 10. Estimate of utilization of deferred tax assets Deferred tax assets are recognized for all unused tax losses and difference values to the extent it is deemed likely that within the foreseeable future taxable profits will be realized in which the losses and the difference values can be utilized. Determining the size of the amount that can be recognized for deferred tax assets is based on management\u2019s estimate of the likely time and amount of future taxable profits. At 31 December 2024, the carrying value of recognized tax was DKK 37,325k, which is estimated to be realized in the foreseeable future (5 years or less), see note 8. The effect of amended accounting standards All amended standards, which entered into force with effect from fiscal periods beginning at 1 January 2024, and interpre-tations that are relevant to the Columbus Group are used in preparing the financial statements. Columbus Group has as-sessed that the amended standards and interpretations have not had any material impact on Columbus Annual Report 2024. New standards and interpretations effective from 2024 All new and revised standards, which entered into force with effect from fiscal periods beginning at 1 January 2024, and interpretations that are relevant to the Columbus Group are used in preparing the financial statements. Columbus Group has assessed that the new or amended standards and interpre-tations have not had any material impact on Columbus Annual Report 2024 IASB has also issued new and amended standards and interpre-tations which have not yet been effective and therefore also not yet been implemented in the consolidated financial state-ments for 2024. Columbus expects to implement these new standards and amendments when they take effect and become mandatory. None of the new standards and amendments is-sued are expected to have any significant impact on the con-solidated financial statement when implemented. External project costs External projects costs include the expenses excluding wages and salaries that are directly incurred to achieve revenue for the year and include the cost of subcontractors, etc. External project costs are recognized as the project progresses. Other external costs Other external costs include expenses of premises, sale and dis-tribution, office expenses, etc. Prepayments Prepayments recognized under assets include expenses paid concerning subsequent financial years and are measured at cost. Deferred income Deferred income recognized under liabilities comprises pay-ments received concerning income in subsequent years meas-ured at cost.Accounting policies Direct costs Direct costs comprise all costs directly related to a given Busi-ness Line. This includes subcontractor costs, staff costs for consultants, sales personnel as well as management for the given Business Line, other external costs and other operating income and expenses. Contribution and contribution margin (CM) The contribution is comprising revenue for the given Business Line deducted all direct costs for the given Business Line. Contribution margin is calculated as contribution divided by total revenue. Revenue Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration Columbus expects to receive in exchange for the products or services. Revenue is recognized net of VAT, taxes etc. collected on behalf of third parties and discounts. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of incremental costs of obtaining a contract. The incre-mental costs to obtain a contract are recognized as an expense when incurred if the amortization period of the asset that Co-lumbus otherwise would have recognized is one year or less. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of a financing component if the period between the trans-fer of services to the customer and the customer\u2019s payment for these services is expected to be one year or less. Columbus primarily enters contracts which span over a longer period. Revenue is recognized on an ongoing basis since the product delivered is not usable for Columbus in other circum-stances. Additionally, the asset is under control of the cus-tomer, and Columbus has the right to payment for work per-formed according to the contract. Columbus typically enters into contracts that include a combi-nation of software licenses and consulting services. These con-tracts are classified as multiple element contracts. Multiple ele-ment contracts are generally capable of being distinct and ac-counted for as separate performance obligations. Multiple ele-ment contracts are contracts where price and other significant issues in the contract are negotiated independently. In this group of contracts, each element is recognized individually, so that the sale of software and consulting services is recognized separately at their standalone selling prices. The majority of Columbus\u2019 customer base has payment terms between 14 and 60 days from the invoice date. Columbus\u2019 ac-counting policies for each revenue line are disclosed below. Each revenue line is subject to the 5-step model which includes: 1. Identification of contract 2. Separation of performance obligations 3. Determining the transaction price 4. Allocation of price to performance obligations 5. Recognition of revenue External licenses External licenses are licenses to third party software where Columbus does not own the software and Columbus is a re-seller of the software. External licenses are classified as on-premises software where the customer is provided with a right to use the software as it exists when made available to the cus-tomer. Revenue from distinct on-premise licenses is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced. Columbus recognizes the revenue from external li-censes on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External subscriptions External subscriptions are subscriptions to third party software where Columbus does not own the software and Columbus is a reseller of the software subscriptions. The subscriptions to ex-ternal software entitle the customer to receive new versions of the software that the third-party software provider releases. Ex-ternal subscriptions are recognized at the point in time when the subscription is accepted by the customer as the perfor-mance obligation to Columbus is completed. Columbus recog-nizes the revenue from external subscriptions on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External cloud External cloud is third party software where Columbus does not own the software and Columbus is a reseller of the usage to the software. External cloud is classified as software-as-a-service (SaaS), which allows customers to use hosted software without taking possession of the software. External cloud is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced as Columbus has fulfilled all its obligations. Columbus recognizes the revenue from external cloud on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. Services/other Professional services and other fees on time and material con-tracts are recognized over time as production of each project is carried out. Revenue from fixed price projects is recognized based on the value corresponding to the stage of completion method. Revenue is recognized when total income and ex-penses of the projects and completion at the balance sheet date can be measured reliably as Columbus satisfies its perfor-mance obligations and it is probable that the economic bene-fits including payments will flow to the Group. Columbus con-siders this input method to be an appropriate measure of the progress towards complete satisfaction of these performance obligations under IFRS 15. The timing of revenue recognition often differs from contract payment schedules, resulting in revenue that has been earned but not billed. These amounts are included in \u201cContract assets.\u201d Amounts billed in accordance with customer contracts, but not yet earned, are recorded and presented as part of \u201cContract lia-bilities.\u201dAccounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. Accounting policies Other operating income and expenses include income and expenses of a secondary nature to the Group\u2019s primary activi-ties, including adjustments of contingent liabilities related to acquisitions, gains and losses on disposal of intangible and tan-gible assets. Gains and losses on disposal of intangible and tan-gible assets are calculated as the selling price less selling costs and the carrying amount at the time of sale.Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.Accounting policies Income tax for the year, comprising current tax and movements in deferred tax, is recognized in the statement of comprehen-sive income by the portion attributable to the profit and directly in equity or in other comprehensive income to the extent that it relates to items recognized directly in equity and in other com-prehensive income. Exchange adjustments of deferred tax is recognized as part of the adjustment of deferred tax. Current tax liabilities and receivables are recognized in the bal-ance sheet as estimated tax on the taxable income, adjusted for prepaid tax. When calculating the current tax, the applicable tax rates and rules on the balance sheet date is used. Deferred tax is recognized using the balance sheet liability method on all temporary differences between accounting and tax values of assets and liabilities. Deferred income tax is pro-vided on temporary differences arising on investments in sub-sidiaries and associates, unless the parent is able to control when the deferred tax is realized, and it is probable that the de-ferred tax will not crystalize as current tax in the foreseeable fu-ture. Deferred tax is calculated based on the expected recovery of each asset and settlement of each liability. Deferred tax is measured based on the tax rules and rates in the respective countries, based on enacted or substantively en-acted laws at the balance sheet dates that are expected to ap-ply when the deferred tax is expected to crystallize as current tax. Changes in deferred tax due to changes in tax rates or rules are recognized in the statement of comprehensive income un-less the deferred tax is attributable to transactions previously recognized directly in equity or in other comprehensive income. In the latter case, the change is also recognized in equity, re-spectively, in other comprehensive income. Deferred tax assets, including the tax value of tax loss carry for-wards, are recognized at the value at which they are expected to be realized, either as net assets to offset against future taxa-ble income or against deferred tax liabilities in the same legal tax entity and jurisdiction. It is assessed at each reporting date whether it is likely that in the future there will be sufficient taxa-ble profits against which the deferred tax asset can be utilized. The Parent Company and its Danish subsidiaries are part of a mandatory Danish joint taxation with all Danish companies con-trolled by Consolidated Holdings A/S. The calculated Danish tax on the joint taxable income is distributed among the jointly taxed companies in proportion to their taxable income (full allo-cation with credit for tax losses).Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.Accounting policies Property plant and equipment These are measured at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and any costs directly attributable to the acquisition until the date the asset is ready for use. Fixtures and equipment are depreciated over 3 to 5 years, equal to the asset\u2019s estimated useful life. Leasehold improve-ments are amortized over the lease period not exceeding 5 years. The basis for depreciation is determined taking into account the residual value less impairment losses. The value is written down to the recoverable amount if this is lower than the carry-ing value. The residual value is determined at the acquisition date and reassessed annually. Depreciation is discontinued if the residual value exceeds the carrying amount. In amendment of the depreciation period or the residual value, the effect is recognized prospectively as a change in account-ing estimates. Accounting policies Right-of-use-assets are classified separately from other assets in the financial statement. The right-of-use-assets are depreci-ated on a straight-line basis over the lease term. The right-of-use-asset can be adjusted due to modifications to the lease contract or reassessment of lease term. Columbus\u2019 portfolio of leases include three main groups: Offices, cars and other fixtures. Lease liabilities are initially measured at the net present value of the fixed lease payments for the use of a lease asset. If, at inception of the lease, we are reasonably certain about exercis-ing an option to extend a lease, we will include the lease pay-ments in the option period when calculating the lease liability. We measure the lease asset to the value of the lease liability at initial recognition with the addition of lease payments at or be-fore the commencement date of the lease, less any lease incen-tives received, any initial direct costs, and an estimate of costs to be incurred upon returning the underlying asset to the lessor. Lease liabilities are measured using the incremental borrowing rate, rather than the interest rate implicit in the leases since these cannot easily be determined in the contracts. The incremental borrowing rate comprises of three parts: \u2022 Reference rate \u2022 Financing spread adjustment \u2022 Lease specific adjustment The interest rate used for measuring new lease liabilities is 9.47% (in 2023 it was 8.43). Contracts may contain both lease and non-lease components. We allocate the consideration in a contract to the lease and non-lease components based on their relative stand-alone prices. We account for non-lease components in accordance with the accounting policy applicable for such items. Non-lease components comprise of services and operating costs etc. Var-iable lease expenses are recognized in other external expenses in the period when the condition triggering those payments occurs. Interests of lease liabilities are recognized in financial expenses. Each lease payment is separated into repayment of the lease li-ability and payment of interests of the lease liability. Debt repayments are classified as cash flows from financing activities, and payment of interests are classified as cash flows from operating activities. Short-term leases and leases of low-value assets are not recog-nized as right-of-use-assets. Accounting policies Receivables consist of receivables from sales of products and services and other receivables. Receivables are measured at initial recognition at fair value and subsequently at amortized cost, which usually corresponds to nominal value less provisions for bad debts. When assessing impairment for the Group\u2019s receivables the expected credit losses model (ECL) is applied in accordance with IFRS 9. The ECL model involves a three-stage approach under which financial assets move through the stages as their credit quality changes. The stages determine how impairment losses are measured. For trade receivables the Group uses the simplified approach in calculating ECL\u2019s. Therefore, the Group does not track changes in credit risk but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-look-ing factors specific to the debtors and the economic environ-ment. Provision rates are determined based on grouping of trade receivables sharing the same credit risk characteristics and days past due. Loans to subsidiaries in the Parent Company\u2019s financial statement Impairment losses on loans to subsidiaries will be recognized based on a 12-month ECL model. Accounting policies Contract assets and contract liabilities are measured at the sales value of the work performed less progress billings and ex-pected losses. Market value is measured based on completion at the balance sheet date and the total expected income from the contract. The stage of completion is determined as the ra-tio between the resources spent and the total estimated re-source for the project. For some projects where the consump-tion of resources cannot be used as a base, the measurement is instead based on the ratio between completed sub activities and the total project. When it is probable that total costs will exceed total revenue on a contract work in progress, the expected loss on the contract is taken immediately as an expense and a provision. When the outcome of a contract cannot be estimated reliably, the selling price is only recognized at cost, to the extent that it is probable, they will be recovered. Contract assets and contract liabilities are recognized in the balance sheet under current assets or liabilities, depending on whether net value of a contract is a receivable or liability. Costs of sales work and securing contracts are recognized in statement of comprehensive income as incurred. When assessing impairment for the Group\u2019s contract work in progress the simplified approach under the ECL model is used in line with impairment for the Group\u2019s trade receivables.Accounting policies Provisions Provisions for liabilities are recognized as a result of events oc-curring before or at the balance sheet date, which has a legal or constructive obligation, and it is probable that settlement of the obligation will result in an outflow of economic resources. Provisions are measured at management's best estimate of the amount required to settle the obligation. Provisions with an ex-pected maturity of more than one year from the balance sheet date are measured at present value.Accounting policies Current liabilities Current liabilities include bank loans, trade payables and other liabilities to public authorities, etc. Current liabilities are initially measured at fair value, less any transaction costs. In subse-quent periods, current liabilities are measured at amortized cost using the \"effective interest method\" so that the differ-ence between the proceeds and the nominal value is recog-nized in the income statement under financial expenses over the loan period. Other liabilities are measured at amortized cost. Pensions Contributions to defined contribution plans are recognized in the statement of comprehensive income in the period to which they relate, and any contributions payable are recognized in the balance sheet under other payables. Accounting policies Discontinued operations comprise all revenue and expenses and gain and losses for operations either being held for sale or which have already been disposed of. Discontinued operations are reported separately from the continued operations in the fi-nancial statements. Comparative figures are restated to segre-gate the continuing and discontinuing assets, liabilities, income, expenses, and cash flows. NOTE 32 Key figures, ratios and Alternative Performance MeasuresKey figures and ratios Earnings per share (EPS) and diluted earnings per share (EPS-D) are calculated in accordance with IAS 33. Other ratios are calculated in accordance with the Danish Finance Society \u201cRecommendations & Financial Ratios.\u201d The financial ratios stated are calculated as follows: EBITDA marginOperating marginReturn on equityReturn on invested capital (ROIC)Equity ratioEarnings per share (EPS)Book value per share (BVPS)Cash flow per shareAdjustment factor (f)Recurring Revenue % of total revenueEarnings before interest, tax, depreciations and amortizations (EBITDA) Net revenue Operating profit (EBIT) Net revenue Result after tax and excl. minority interests Average equity excl. minority interests EBITA Average invested capital including goodwill Equity excl. minority interests Total equity and liabilities Result after tax and excl. minority interests x f Average number of shares Equity excl. minority interests end of year x 100 x f Number of shares end of year Cash flow from operations x f Average number of diluted shares Theoretical rate Listed price of stock the day before the subscription and/or stock right cease Recurring revenue Net revenue Alternative Performance Measures Organic Growth and Revenue Organic Growth and Revenue represents the business exclud-ing the impact of acquisitions, divestments and changes in cur-rency. The purpose of defining Organic Growth is to show a \u201clike-for-like\u201d comparison with the previous year. Constant currency growth Growth is measured in constant currency by converting actual figures in local currency to DKK with the historical exchange rate for the given currency. When measuring for a period, the average historical exchange rate is used. Growth is measured based on the actual historical figure compared to the calcu-lated constant currency figure. Recurring Revenue Recurring Revenue includes Columbus Software maintenance, Columbus Cloud revenue, 3rd party maintenance revenue, 3rd party cloud revenue, Columbus Care agreements. Recurring revenue does not necessarily mean a binding contractual agreement. However recurring revenue is defined as revenue with a high degree of certainty for renewal >95%. The purpose of defining Recurring Revenue is to express a level of predictability in the revenue. The higher degree of Recurring Revenue in pct, of total revenue \u2013 the more predictable is the Columbus revenue going forward. Efficiency Efficiency is calculated as all invoiced customer hours divided by available customer hours. Available customer hours are cal-culated as normal work schedule hours for all productive em-ployees, less hours for holiday and parental leave. ",
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"value": "Accounting policies The cash flow statement is presented using the indirect method based on operating profit. The cash flow statement shows cash flows for the year, the change in cash, as well as the balance of cash at the beginning and end of the year. Cash flow from operating activities Cash flow from operating activities is calculated as profit before tax adjusted for noncash operating items, changes in working capital, interests received and paid, and corporation tax paid. Cash flow from investment activities Cash flow from investment activities comprises payments relating to purchase and divestment of businesses and activities, purchase and divestment of intangible and other long-term assets as well as purchase and divestment of securities not recognized as cash and dividends received. Cash flow from acquired companies is included from the date of acquisition, while cash flow from divestments is recognized until the time of sale. Cash flow from financing activities Cash flow from financing activities comprises changes in size or composition of share capital and related costs, pro-ceeds from capital increase/warrants exercised as well as raising and repayment of loans, repayment of interest-bearing debt, repayment of lease liabilities, purchase and divestment of treasury shares and payment of dividend to shareholders. Inception of leases are treated as non-cash transactions. Cash flow realigned to financial leases are recognized as payments of interest and repayment of debt.",
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"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
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"value": "Accounting policies The cash flow statement is presented using the indirect method based on operating profit. The cash flow statement shows cash flows for the year, the change in cash, as well as the balance of cash at the beginning and end of the year. Cash flow from operating activities Cash flow from operating activities is calculated as profit before tax adjusted for noncash operating items, changes in working capital, interests received and paid, and corporation tax paid. Cash flow from investment activities Cash flow from investment activities comprises payments relating to purchase and divestment of businesses and activities, purchase and divestment of intangible and other long-term assets as well as purchase and divestment of securities not recognized as cash and dividends received. Cash flow from acquired companies is included from the date of acquisition, while cash flow from divestments is recognized until the time of sale. Cash flow from financing activities Cash flow from financing activities comprises changes in size or composition of share capital and related costs, pro-ceeds from capital increase/warrants exercised as well as raising and repayment of loans, repayment of interest-bearing debt, repayment of lease liabilities, purchase and divestment of treasury shares and payment of dividend to shareholders. Inception of leases are treated as non-cash transactions. Cash flow realigned to financial leases are recognized as payments of interest and repayment of debt.NOTE 25 Changes in working capitalGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Change in receivables and contract assets 35,638 -46,352 -36,187 -35,241 Change in trade payable and liabilities -10,005 -6,379 -6,127 -3,070 Change in other liabilities -2,094 31,706 54,133 40,258 Cash flow from changes in working capital 23,539 -21,025 11,819 1,947NOTE 26 Cash flow from financing activities The table below specifies changes in liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flow will be, classified in the cash flow statement as cash flow from financing activities. Lease liability right-of-use Long term Short term Overdraft DKK \u00b4000assets borrowings borrowings facilities Total Group 2024 Balance at 1 January 84,716 116,000 0 36,297 237,013 Cash flow from operations -28,897 0 0 -33,231 -62,128 Additions related to acquisitions 0 0 0 -3,066 -3,066 Cash changes -28,897 0 0 -36,297 -65,194 New leases 29,004 0 0 0 29,004 Changes to existing leases 20,235 0 0 0 20,235 Reclassification 0 -40,000 40,000 0 0 Foreign exchange movements -1,747 0 0 0 -1,747 Non-cash changes 47,492 -40,000 40,000 0 47,492 Balance at 31 December 103,311 76,000 40,000 0 219,311 Lease liability right-of-use Long term Short term Overdraft DKK \u00b4000assets borrowings borrowings facilities Total Group 2023Balance at 1 January 67,722 76,000 0 52,335 196,057 Cash flows from operations -27,201 0 0 -12,533 -39,734 Additions related to acquisitions 0 40,000 0 -3,449 36,551 Cash changes -27,201 40,000 0 -15,982 -3,183 New leases 12,045 0 0 0 12,045 Changes to existing leases 34,893 0 0 0 34,893 Reclassification 0 0 0 -56 -56 Foreign exchange movements -2,743 0 0 0 -2,743 Non-cash changes 44,195 0 0 -56 44,139 Balance at 31 December 84,716 116,000 0 36,297 237,013",
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"value": "32787000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:DKK"
}
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"decimals": -3,
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"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
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"value": "-8498000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:DKK"
}
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"value": "79223000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
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"value": "38269000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
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"value": "-78288000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
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"value": "-15894000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:DKK"
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},
"f0__s9__7__24": {
"value": "The financial statements for 2024 for Columbus, which include financial statements for the Parent Company Columbus A/S and consolidated financial statements for the Columbus Group have been prepared in accordance with the IFRS accounting standards as adopted by the EU and Danish disclosure require-ments for annual reports prepared after reporting class D (listed), cf. IFRS Executive Order issued pursuant to the Finan-cial Statements Act. Columbus is a public limited company seated in Denmark.",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__26": {
"value": "Denmark",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__25": {
"value": "Denmark",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__28": {
"value": "The consolidated and Parent Company\u2019s financial statements are presented in Danish Kroner (DKK), which is the presentation currency for the Group's activities and the functional currency of the Parent Company. The consolidated and Parent Company\u2019s financial statements have been prepared based on historical cost. The main ele-ments of the accounting policies and changes compared to last year due to new and amended standards are described below. The accounting principles are also disclosed in each of the indi-vidual notes to the financial statements.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__27": {
"value": "Consolidated financial statements The consolidated financial statements include Columbus A/S and the companies in which the Group holds more than 50% of the voting rights, or otherwise has the power to govern the fi-nancial and operating policies for achieving returns or other benefits from its activities. Principles of consolidation The consolidated financial statements are prepared based on financial reporting for Columbus A/S and entities controlled by Columbus A/S. Control exists when Columbus has effective power over the entity and has the right to variable returns from the entity. The results of subsidiaries acquired or disposed of during the year are included in the consolidated income state-ment from the effective date of acquisition and up to the effec-tive date of disposal. The consolidated financial statements are prepared by combining financial statements uniform items. The financial reporting that is used for the consolidation is prepared in accordance with the Group's accounting policies. On consolidation, intercompany income and expenses, inter-company accounts and dividends, and gains and losses on transactions between the consolidated companies are elimi-nated. In the consolidated financial statements items of subsidiaries are included 100%",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__29-1": {
"value": "Foreign currency translation On initial recognition, foreign currency transactions are trans-lated applying the exchange rate at the transaction date. Re-ceivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the bal-ance sheet date. Exchange differences that arise between the rate at the transaction date and the one in effect at the pay-ment date or the rate at the balance sheet date are recognized in the income statement as financial income or financial ex-penses. Property, plant and equipment, intangible assets, and other non-monetary assets that have been purchased in for-eign currencies are translated using historical rates. When subsidiaries, which prepare their financial statements in a functional currency different from DKK are consolidated into the consolidated financial statements, the items of the income statement are translated at the average exchange rates. Exchange differences arising out of the translation of foreign subsidiaries\u2019 balance sheet items at the beginning of the year using the balance sheet date exchange rates as well as out of the translation of income statements from average rates to the exchange rates at the balance sheet date are recognized in other comprehensive income.Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__33-1": {
"value": "Gains and losses on divestments or dissolvement of subsidiaries or associates Gains or losses on divestments or dissolvements of subsidiaries and associates are stated as the difference between the sales price or settlement price and the fair value of any remaining eq-uity and the book value of net assets on the time of sale or winding up, including goodwill, less any minority interests. Gains or losses are recognized in the statement of comprehensive in-come as well as accumulated foreign currency translation ad-justments previously recognized in other comprehensive in-come. Business units that have been divested of in the financial year or are expected to be divested within the following 12 months, are in the profit and loss classified as discontinued operations, and in the balance sheet classified as assets and liabilities held for sale. For further description of the accounting principles, please refer to note 27.NOTE 27 Discontinued operations and gain/loss on sale of shares in subsidiaries Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Net revenue 0 0 0 0 External project costs 0 0 0 0 Gross profit 0 0 0 0 Staff expenses and remuneration 0 0 0 0 Other external costs 0 0 0 0 Other operating income 0 0 0 0 EBITDA 0 0 0 0 Depreciation, amortization and impairment 0 0 0 0 Operating profit (EBIT) 0 0 0 0 Financial income 0 0 0 0 Financial expenses 0 0 0 0 Profit (loss) before tax from discontinued operations 0 0 0 0 Corporate tax 0 0 0 0 Profit (loss) after tax from discontinued operations 0 0 0 0 Total gain (loss) on divestment of discontinued operations -3,418 3,127 -74 1,172 Profit (loss) from discontinued operations -3,418 3,127 -74 1,172 Earnings per share from discontinued operations of DKK 1.25 (EPS)-0.03 0.02 Earnings per share from discontinued operations of DKK 1.25, diluted (EPS-D) -0.03 0.02 Discontinued operations in 2024 \u2013 Group There have not been any discontinued operations in 2024. The transaction costs are related to previous disposals. Receivables from divestments of activities On 1 November 2021, our SMB business in our US entity was sold as part of the Focus23 strategy. The business activity is consequently classified as discontinued operations in 2021. The transaction was settled partly in cash at the transaction date (USD 8m), and partly as deferred consideration which was due in Q2 2022 (USD 8,5m) corresponding to DKK 60,715k. The buyer has still not paid the outstanding amount since they have asserted claims related to the acquired activity. We con-tinue to consider our chances of recovering our receivable, as highly likely. The lawsuit, based on previous legal discussions, will proceed in 2025. Discontinued operations in 2023 \u2013 Group No new disposals have occurred in 2023. Income from discon-tinued operations relates to received consideration from previ-ous divestments, which had been written off. Gain/loss on sale of shares \u2013 Parent The gain/loss on sale of shares in subsidiaries and impairment losses related to subsidiaries, which are classified as discontin-ued operations in the consolidated financial statements, are classified as discontinued operations in the parent company. Gain (loss) on divestment of discontinued operations Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Gain (loss) on disposal of subsidiaries 0 3,050 0 1,200 Recirculation of historical currency adjustments 0 1,200 0 0 Transaction costs related to disposal -3,418 -1,123 -74 -28 Total gain (loss) on divestment of discontinued operations -3,418 3,127 -74 1,172 \u25cf Accounting policies Discontinued operations comprise all revenue and expenses and gain and losses for operations either being held for sale or which have already been disposed of. Discontinued operations are reported separately from the continued operations in the fi-nancial statements. Comparative figures are restated to segre-gate the continuing and discontinuing assets, liabilities, income, expenses, and cash flows. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__32-1": {
"value": "Gains and losses on divestments or dissolvement of subsidiaries or associates Gains or losses on divestments or dissolvements of subsidiaries and associates are stated as the difference between the sales price or settlement price and the fair value of any remaining eq-uity and the book value of net assets on the time of sale or winding up, including goodwill, less any minority interests. Gains or losses are recognized in the statement of comprehensive in-come as well as accumulated foreign currency translation ad-justments previously recognized in other comprehensive in-come. Business units that have been divested of in the financial year or are expected to be divested within the following 12 months, are in the profit and loss classified as discontinued operations, and in the balance sheet classified as assets and liabilities held for sale. For further description of the accounting principles, please refer to note 27.Accounting policies Discontinued operations comprise all revenue and expenses and gain and losses for operations either being held for sale or which have already been disposed of. Discontinued operations are reported separately from the continued operations in the fi-nancial statements. Comparative figures are restated to segre-gate the continuing and discontinuing assets, liabilities, income, expenses, and cash flows. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__31-1": {
"value": "Gains and losses on divestments or dissolvement of subsidiaries or associates Gains or losses on divestments or dissolvements of subsidiaries and associates are stated as the difference between the sales price or settlement price and the fair value of any remaining eq-uity and the book value of net assets on the time of sale or winding up, including goodwill, less any minority interests. Gains or losses are recognized in the statement of comprehensive in-come as well as accumulated foreign currency translation ad-justments previously recognized in other comprehensive in-come. Business units that have been divested of in the financial year or are expected to be divested within the following 12 months, are in the profit and loss classified as discontinued operations, and in the balance sheet classified as assets and liabilities held for sale. For further description of the accounting principles, please refer to note 27.NOTE 27 Discontinued operations and gain/loss on sale of shares in subsidiaries Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Net revenue 0 0 0 0 External project costs 0 0 0 0 Gross profit 0 0 0 0 Staff expenses and remuneration 0 0 0 0 Other external costs 0 0 0 0 Other operating income 0 0 0 0 EBITDA 0 0 0 0 Depreciation, amortization and impairment 0 0 0 0 Operating profit (EBIT) 0 0 0 0 Financial income 0 0 0 0 Financial expenses 0 0 0 0 Profit (loss) before tax from discontinued operations 0 0 0 0 Corporate tax 0 0 0 0 Profit (loss) after tax from discontinued operations 0 0 0 0 Total gain (loss) on divestment of discontinued operations -3,418 3,127 -74 1,172 Profit (loss) from discontinued operations -3,418 3,127 -74 1,172 Earnings per share from discontinued operations of DKK 1.25 (EPS)-0.03 0.02 Earnings per share from discontinued operations of DKK 1.25, diluted (EPS-D) -0.03 0.02 Discontinued operations in 2024 \u2013 Group There have not been any discontinued operations in 2024. The transaction costs are related to previous disposals. Receivables from divestments of activities On 1 November 2021, our SMB business in our US entity was sold as part of the Focus23 strategy. The business activity is consequently classified as discontinued operations in 2021. The transaction was settled partly in cash at the transaction date (USD 8m), and partly as deferred consideration which was due in Q2 2022 (USD 8,5m) corresponding to DKK 60,715k. The buyer has still not paid the outstanding amount since they have asserted claims related to the acquired activity. We con-tinue to consider our chances of recovering our receivable, as highly likely. The lawsuit, based on previous legal discussions, will proceed in 2025. Discontinued operations in 2023 \u2013 Group No new disposals have occurred in 2023. Income from discon-tinued operations relates to received consideration from previ-ous divestments, which had been written off. Gain/loss on sale of shares \u2013 Parent The gain/loss on sale of shares in subsidiaries and impairment losses related to subsidiaries, which are classified as discontin-ued operations in the consolidated financial statements, are classified as discontinued operations in the parent company. Gain (loss) on divestment of discontinued operations Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Gain (loss) on disposal of subsidiaries 0 3,050 0 1,200 Recirculation of historical currency adjustments 0 1,200 0 0 Transaction costs related to disposal -3,418 -1,123 -74 -28 Total gain (loss) on divestment of discontinued operations -3,418 3,127 -74 1,172 \u25cf Accounting policies Discontinued operations comprise all revenue and expenses and gain and losses for operations either being held for sale or which have already been disposed of. Discontinued operations are reported separately from the continued operations in the fi-nancial statements. Comparative figures are restated to segre-gate the continuing and discontinuing assets, liabilities, income, expenses, and cash flows. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__30-1": {
"value": "Gains and losses on divestments or dissolvement of subsidiaries or associates Gains or losses on divestments or dissolvements of subsidiaries and associates are stated as the difference between the sales price or settlement price and the fair value of any remaining eq-uity and the book value of net assets on the time of sale or winding up, including goodwill, less any minority interests. Gains or losses are recognized in the statement of comprehensive in-come as well as accumulated foreign currency translation ad-justments previously recognized in other comprehensive in-come. Business units that have been divested of in the financial year or are expected to be divested within the following 12 months, are in the profit and loss classified as discontinued operations, and in the balance sheet classified as assets and liabilities held for sale. For further description of the accounting principles, please refer to note 27.Accounting policies Discontinued operations comprise all revenue and expenses and gain and losses for operations either being held for sale or which have already been disposed of. Discontinued operations are reported separately from the continued operations in the fi-nancial statements. Comparative figures are restated to segre-gate the continuing and discontinuing assets, liabilities, income, expenses, and cash flows. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__36-1": {
"value": "Impairment of tangible and intangible assets as well as investments in subsidiaries The carrying values of tangible and intangible assets of indefi-nite useful lives as well as investments in subsidiaries are re-viewed at each balance sheet date to determine any indications of impairment. If this is the case, the asset's recoverable value is determined to identify any need for impairment and the extent thereof. If the asset does not generate cash flow independent of other assets, the recoverable amount of the smallest cash-generating unit to which the asset belongs is determined. The recoverable amount of an asset is the higher of net selling price and value in use. For cash-generating units, the impairment is firstly distrib-uted on goodwill, and then any remaining impairment is distrib-uted to other assets in the unit. Impairment losses are recognized in the statement of compre-hensive income. On any subsequent reversal of impairment losses resulting from changes in the assumptions used to de-termine the recoverable amount, the asset and the cash-gener-ating unit\u2019s carrying amount is increased to the adjusted recov-erable amount, however not exceeding the carrying value of the asset or cash-generating excluding impairment. Impairment of goodwill is not reversed. Estimate of recoverable amount of goodwill and internal applications The determination of impairment of recognized goodwill re-quires determination of the value of the cash-generating units to which the goodwill is allocated. Determination of the value requires an estimate of expected future cash flows of each cash-generating unit and an appropriate discount rate. On 31 December 2024, the carrying value of goodwill is DKK 635,699k. For a detailed description of methods and assumptions for impairment of goodwill, see note 10. The determination of impairment of recognized internal appli-cations requires determination of the future economic benefits derived from these assets, which are determined as the optimi-zation of internal workflows. At 31 December 2024, the carry-ing value of internal applications is DKK 31,569k. For a more detailed description of methods and assumptions related to recognition of internal applications, see note 10. Estimate of utilization of deferred tax assets Deferred tax assets are recognized for all unused tax losses and difference values to the extent it is deemed likely that within the foreseeable future taxable profits will be realized in which the losses and the difference values can be utilized. Determining the size of the amount that can be recognized for deferred tax assets is based on management\u2019s estimate of the likely time and amount of future taxable profits. At 31 December 2024, the carrying value of recognized tax was DKK 37,325k, which is estimated to be realized in the foreseeable future (5 years or less), see note 8.NOTE 5 Depreciation, amortization and impairmentGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Depreciation 39,495 35,324 7,109 7,404 Amortization 22,597 22,122 14,272 13,751 Impairment 18,777 0 18,777 0 Total depreciation, amortization and impairment 80,869 57,446 40,158 21,155NOTE 10 Intangible assetsDevelop-Develop-ment Internal ment projects Customer applica-projects in pro-DKK \u00b4000 Goodwill base tions finalized gress Total Group 2024 Balance at 1 January 2024 805,395 45,897 80,331 22,593 0 954,216 Currency translation -4,204 -1,293 0 458 0 -5,039 Additions 0 0 850 0 1,355 2,205 Additions relating to acquisitions 8,996 7,033 0 0 0 16,029 Disposal for the year 0 0 0 -958 0 -958 Balance at 31 December 2024 810,187 51,637 81,181 22,093 1,355 966,453 Amortization at 1 January 2024 151,152 31,505 35,462 21,955 0 240,074 Currency translation 4,559 -1,280 0 442 0 3,721 Amortization 0 8,067 14,150 380 0 22,597 Impairment 18,777 0 0 0 0 18,777 Amortization/depreciation relating to acquisitions0 692 0 0 0 692 Reversal of amortization 0 0 0 -958 0 -958 Amortization at 31 December 2024 174,488 38,984 49,612 21,819 0 284,903 Carrying amount at 31 December 2024635,699 12,653 31,569 274 1,355 681,550 Except for goodwill, economic life of all intangible assets is expected to be finite. The addition on goodwill and customer base relates to the acquisition of Endless Gain Limited cf. note 21. The impairment of DKK 18.8m is related to the prior Security Business Line and is derived from the unsatisfactory perfor-mance in the first half of 2024, as well as the assumptions and basis on which it was originally acquired. Hence an impairment test has been performed, which resulted in a the write down to the recoverable amount (present value of expected future cash flows). Hereafter the Security Business Line has been merged with Business Line Dynamics as Security mostly serves Dynam-ics\u2019 customers. Hence the Goodwill amounting to DKK 32,7m, related to Security has been transferred to Dynamics. The addition on internal applications relates to update of a number of the groups internal IT systems. Develop-Internal ment Customer applica-projects DKK \u00b4000 Goodwill base tions finalized Total Group 2023Balance at 1 January 2023 757.109 64.080 73.237 23.613 918.039 Currency translation -3.277 -31 0 -210 -3.518 Additions 0 0 7.094 0 7.094 Additions relating to acquisitions 51.563 5.300 0 0 56.863 Disposal for the year 0 -23.452 0 -810 -24.262 Balance at 31 December 2023 805.395 45.897 80.331 22.593 954.216 Amortization at 1 January 2023 153.810 46.650 22.208 21.963 244.631 Currency translation -2.658 450 0 -209 -2.417 Amortization 0 7.857 13.254 1.011 22.122 Reversal of amortization 0 -23.452 0 -810 -24.262 Amortization at 31 December 2023 151.152 31.505 35.462 21.955 240.074 Carrying amount at 31 December 2023 654.243 14.392 44.869 638 714.142 Goodwill The carrying amount of goodwill is distributed on cash-generat-ing units as shown below: Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Business Line Dynamics 339,455 309,391 116,040 116,040 M3 153,442 157,173 4,600 4,600 Digital Commerce 114,133 107,296 692 692 Data & Analytics 16,143 16,140 10,025 10,025 Customer Experience & Engagement 6,850 6,921 83 83 Security 0 51,562 0 0 Other Local Business 5,676 5,760 216 216 Total goodwill 635,699 654,243 131,656 131,656 In 2023 Columbus has redefined its operating segments and concurrently changed the definition of cash-generating units to Business Lines. As a consequence of the redefined operating segments, the goodwill has been allocated to the Business Lines based on Revenue and EBTIDA. The above shown figures therefore have been adjusted with comparative figures. The management performs an impairment test of the carrying amount of goodwill, development projects and other non-cur-rent assets at least annually and more frequently if there are in-dicators of impairment. The annual impairment test is per-formed per 31 December 2024 (31 December 2023). The recoverable amount of goodwill related to the individual cash generating units is calculated based on the Discounted Cash Flows method (DCF). Future cash flows The recoverable amount of the individual cash-generating units to which the goodwill belongs is calculated based on the calcu-lations of value in use. The most significant uncertainties are connected to the determination of discount rates, growth rates and expected changes in costs in the budget and terminal peri-ods. Budget for the individual cash generating units is based on a bottom-up process. The key assumptions for the budget are ex-pected development in efficiency (number of chargeable hours compared to total hours) in the consultancy business and ex-pected revenue and gross profits from sale of software and general development in cost. The budget process takes place in October through November and takes into consideration the historical performance and current condition and performance of the cash generating unit in terms of pipeline, order book and current capacity in terms of consultants. The 3-year projection period is based on assumptions for the main revenue stream in Columbus i.e., Consultancy. For the two largest Business Lines which operates within ERP applications, comprising Dynamics an M3, growth rates are generally slightly more modest (8-10%), based on the mature business models. For our strategic Business Lines, comprising of Digital Com-merce, Data & Analytics and Customer Experience & Engage-ment, slightly higher growth rates are applied (8-20%), based on the historic higher growth rate and higher expectations for the future. In generating a terminal value, a conservative growth in revenue and cost of 2% is applied to all CGUs. With regards to staff cost a growth of 2% is expected in the 3-year interim period and 2% in generating the terminal value for all CGUs. Columbus is operating in a market where the development has low sensitivity to market development in general and to the de-velopment in general IT spending by companies. The manage-ment believes that likely changes in the key assumptions will not cause the carrying amount of goodwill to exceed the recov-erable amounts. Group management has performed a sensitiv-ity analysis of goodwill impairment tests to show the headroom between carrying amount and the recoverable amounts. The sensitivity analysis focuses on changes in free cash flow in ter-minal period with 5% and changes in discount rate with 1 per-centage point. The analysis did not identify any indication of im-pairment. Discount rate The determined discount factors reflect the market assessment of the time value of money in the countries where the cash gen-erating units operate expressed as a risk-free rate and the spe-cific risks associated with each cash-generating unit. The discount rate is determined on an \"after tax\" basis on the as-sessed Weighted Average Costs of Capital (WACC). The discount rate used to calculate the present value of ex-pected future cash flow is 10.0% pre-tax (2023: 11,4%). The discount rate has been determined based on the Capital Asset Pricing Model and comprise a risk-free interest rate, the market risk premium and a beta factor, covering systematic market risk and a company premium. The values for the risk-free interest rate, the market risk premium and the beta factor are deter-mined using external sources. The Group applies the same dis-count rates for all cash generating units, as the risk of the indi-vidual cash generating units are reflected in their estimated cash flow. Most important assumptions for the impairment test With the applied method for the annual impairment test, the growth rate applied in the terminal value and the WACC be-comes the most important assumptions for the net present value of the future cash flows. Overall, the impairment based on the above assumptions demonstrates that the present value of the future cash flows from the cash generating units exceeds the carrying amount of goodwill. The management has applied conservative growth rates for the projection period and for the period following the projection period developed for the purpose of the impairment test. \u25cf Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__35-1": {
"value": "Impairment of tangible and intangible assets as well as investments in subsidiaries The carrying values of tangible and intangible assets of indefi-nite useful lives as well as investments in subsidiaries are re-viewed at each balance sheet date to determine any indications of impairment. If this is the case, the asset's recoverable value is determined to identify any need for impairment and the extent thereof. If the asset does not generate cash flow independent of other assets, the recoverable amount of the smallest cash-generating unit to which the asset belongs is determined. The recoverable amount of an asset is the higher of net selling price and value in use. For cash-generating units, the impairment is firstly distrib-uted on goodwill, and then any remaining impairment is distrib-uted to other assets in the unit. Impairment losses are recognized in the statement of compre-hensive income. On any subsequent reversal of impairment losses resulting from changes in the assumptions used to de-termine the recoverable amount, the asset and the cash-gener-ating unit\u2019s carrying amount is increased to the adjusted recov-erable amount, however not exceeding the carrying value of the asset or cash-generating excluding impairment. Impairment of goodwill is not reversed. Estimate of recoverable amount of goodwill and internal applications The determination of impairment of recognized goodwill re-quires determination of the value of the cash-generating units to which the goodwill is allocated. Determination of the value requires an estimate of expected future cash flows of each cash-generating unit and an appropriate discount rate. On 31 December 2024, the carrying value of goodwill is DKK 635,699k. For a detailed description of methods and assumptions for impairment of goodwill, see note 10. The determination of impairment of recognized internal appli-cations requires determination of the future economic benefits derived from these assets, which are determined as the optimi-zation of internal workflows. At 31 December 2024, the carry-ing value of internal applications is DKK 31,569k. For a more detailed description of methods and assumptions related to recognition of internal applications, see note 10. Estimate of utilization of deferred tax assets Deferred tax assets are recognized for all unused tax losses and difference values to the extent it is deemed likely that within the foreseeable future taxable profits will be realized in which the losses and the difference values can be utilized. Determining the size of the amount that can be recognized for deferred tax assets is based on management\u2019s estimate of the likely time and amount of future taxable profits. At 31 December 2024, the carrying value of recognized tax was DKK 37,325k, which is estimated to be realized in the foreseeable future (5 years or less), see note 8.Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__34-1": {
"value": "Impairment of tangible and intangible assets as well as investments in subsidiaries The carrying values of tangible and intangible assets of indefi-nite useful lives as well as investments in subsidiaries are re-viewed at each balance sheet date to determine any indications of impairment. If this is the case, the asset's recoverable value is determined to identify any need for impairment and the extent thereof. If the asset does not generate cash flow independent of other assets, the recoverable amount of the smallest cash-generating unit to which the asset belongs is determined. The recoverable amount of an asset is the higher of net selling price and value in use. For cash-generating units, the impairment is firstly distrib-uted on goodwill, and then any remaining impairment is distrib-uted to other assets in the unit. Impairment losses are recognized in the statement of compre-hensive income. On any subsequent reversal of impairment losses resulting from changes in the assumptions used to de-termine the recoverable amount, the asset and the cash-gener-ating unit\u2019s carrying amount is increased to the adjusted recov-erable amount, however not exceeding the carrying value of the asset or cash-generating excluding impairment. Impairment of goodwill is not reversed. Estimate of recoverable amount of goodwill and internal applications The determination of impairment of recognized goodwill re-quires determination of the value of the cash-generating units to which the goodwill is allocated. Determination of the value requires an estimate of expected future cash flows of each cash-generating unit and an appropriate discount rate. On 31 December 2024, the carrying value of goodwill is DKK 635,699k. For a detailed description of methods and assumptions for impairment of goodwill, see note 10. The determination of impairment of recognized internal appli-cations requires determination of the future economic benefits derived from these assets, which are determined as the optimi-zation of internal workflows. At 31 December 2024, the carry-ing value of internal applications is DKK 31,569k. For a more detailed description of methods and assumptions related to recognition of internal applications, see note 10. Estimate of utilization of deferred tax assets Deferred tax assets are recognized for all unused tax losses and difference values to the extent it is deemed likely that within the foreseeable future taxable profits will be realized in which the losses and the difference values can be utilized. Determining the size of the amount that can be recognized for deferred tax assets is based on management\u2019s estimate of the likely time and amount of future taxable profits. At 31 December 2024, the carrying value of recognized tax was DKK 37,325k, which is estimated to be realized in the foreseeable future (5 years or less), see note 8.Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__38-1": {
"value": "The effect of amended accounting standards All amended standards, which entered into force with effect from fiscal periods beginning at 1 January 2024, and interpre-tations that are relevant to the Columbus Group are used in preparing the financial statements. Columbus Group has as-sessed that the amended standards and interpretations have not had any material impact on Columbus Annual Report 2024.New standards and interpretations effective from 2024 All new and revised standards, which entered into force with effect from fiscal periods beginning at 1 January 2024, and interpretations that are relevant to the Columbus Group are used in preparing the financial statements. Columbus Group has assessed that the new or amended standards and interpre-tations have not had any material impact on Columbus Annual Report 2024",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__37-1": {
"value": "The effect of amended accounting standards All amended standards, which entered into force with effect from fiscal periods beginning at 1 January 2024, and interpre-tations that are relevant to the Columbus Group are used in preparing the financial statements. Columbus Group has as-sessed that the amended standards and interpretations have not had any material impact on Columbus Annual Report 2024.New standards and interpretations effective from 2024 All new and revised standards, which entered into force with effect from fiscal periods beginning at 1 January 2024, and interpretations that are relevant to the Columbus Group are used in preparing the financial statements. Columbus Group has assessed that the new or amended standards and interpre-tations have not had any material impact on Columbus Annual Report 2024",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__42-1": {
"value": "External project costs External projects costs include the expenses excluding wages and salaries that are directly incurred to achieve revenue for the year and include the cost of subcontractors, etc. External project costs are recognized as the project progresses.Other external costs Other external costs include expenses of premises, sale and dis-tribution, office expenses, etc.NOTE 5 Depreciation, amortization and impairmentGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Depreciation 39,495 35,324 7,109 7,404 Amortization 22,597 22,122 14,272 13,751 Impairment 18,777 0 18,777 0 Total depreciation, amortization and impairment 80,869 57,446 40,158 21,155",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__41-1": {
"value": "External project costs External projects costs include the expenses excluding wages and salaries that are directly incurred to achieve revenue for the year and include the cost of subcontractors, etc. External project costs are recognized as the project progresses.Other external costs Other external costs include expenses of premises, sale and dis-tribution, office expenses, etc.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__45": {
"value": "Prepayments Prepayments recognized under assets include expenses paid concerning subsequent financial years and are measured at cost.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__46": {
"value": "Deferred income Deferred income recognized under liabilities comprises pay-ments received concerning income in subsequent years meas-ured at cost.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__49-1": {
"value": "Estimate of revenue recognition of contracts The stage of completion, forming the basis for the current recognition of revenue at the Group, uses the production method of contracts. The stage of completion is determined on the basis of the relationship between the entity's resources in relation to recent total estimate of resource consumption. The degree of completion is assessed regularly by the responsible employees and the projects are closely monitored by manage-ment, and further adjustments are made to the stage of com-pletion, etc., if deemed necessary. When performing this evalu-ation, all factors concerning the relevant contract are taken into consideration and assessed appropriately. The group has a limited number of fixed price projects, which generally reduces the risk related to this. Receivables from divestment of activities Please refer to note 27 for more information. AreasMaterial/SignificantNoteEstimatesRevenue recognition and contract assets and liabilities Material 3, 15 Deferred tax assetSignificant8Impairment of goodwill Significant 10 Receivables from divestment of activitiesMaterial27NOTE 3 Segment dataGlobal Delivery Centers Strategic Business LinesMarket Units(GDC)DynamicsSwedenPolandM3DenmarkCzech RepublicDigital CommerceNorwayIndiaData & AIUKCustomer Experience & Engagement (CXE)USOther Local BusinessOtherIn order to support decisions about allocation of resources and assessment of performance of the segments, the Group\u2019s man-agement reporting of the Executive Board is based on the above grouping of operating segments. Management monitors the business, primarily based on the Business Lines and secondarily on the geographical segments. Information about the Group\u2019s Business Lines is stated above. The Business Lines relate to the type of services and products that are delivered, and comprise of Dynamics, M3, Digital Com-merce, Data & AI, and Customer Experience & Engagement. The remaining revenue which does not fall into any of the above-mentioned Business Lines, is classified as Other Local Business. Market Units comprise of significant geographical markets that the Group operates in. Management uses the Market Units to assess market conditions and performance on revenue only. The operating segments are measured from revenue to contri-bution, as this represents the significant part of the operation of the segments. The balance sheet is measured for legal enti-ties only. Cost related to functions necessary to support the business is classified as Enabling Functions and comprise of all cost not di-rectly related to a specific Business Line, including costs related to facility, marketing, finance, people, legal and management. Enabling Functions mostly operate as global teams, servicing across Business Line and geography. Income and costs recog-nized in the profit and loss, that is not directly related to a business line is included in Enabling functions, i.e. legal cases and M&A activities. Reconciliation between EBITDA and Profit before tax is shown in the comprehensive income statement. Business Lines Service Revenue Split YTD \u2082\u2070\u2082\u2074 1%6%6%11%20%56%DynamicsM3Digital CommerceData & AICXEOther Local BusinessDKK \u00b4000 Services Products Total revenue Direct costs Contribution CM % 2024Dynamics 893,968 44,305 938,273 -687,142 251,131 27% M3 320,982 6,304 327,286 -264,163 63,123 19% Digital Commerce 180,550 1,589 182,139 -168,919 13,220 7% Data & AI 88,482 564 89,046 -76,463 12,583 14% CXE 86,785 1,048 87,833 -78,002 9,831 11% Other Local Business 22,225 12,640 34,865 -21,533 13,332 38% Total 1,592,992 66,450 1,659,442 -1,296,222 363,220 22% Enabling Functions -210,550 EBITDA 152,670 DKK \u00b4000 Services Products Total revenue Direct costs Contribution CM % 2023 Dynamics 804,322 45,913 850,235 -630,486 219,749 26% M3 301,472 6,362 307,834 -247,591 60,243 20% Digital Commerce 195,418 1,820 197,238 -163,584 33,654 17% Data & AI 77,233 658 77,891 -64,991 12,900 17% CXE 67,248 700 67,948 -59,006 8,942 13% Other Local Business 29,363 9,446 38,809 -37,486 1,323 3% Total 1,475,056 64,899 1,539,955 -1,203,144 336,811 22% Enabling Functions -219,277 EBITDA 117,534 Development in Business Lines Comments relating to the growth of the Business Lines are described in the management commentary under the financial review. Reconciliation between EBITDA and Profit before tax is shown in the comprehensive income statement. As of 1 July 2024, the Security Business Line has been merged into Dynamics Business Line. Security shifted its focus to deliv-ering Microsoft Security solutions with a primary emphasis on serving Dynamics customers. To streamline the Business Line setup, the Business Line has been merged into Dynamics. This consolidation combines the strengths and re-sources of both Business Lines to create a more efficient and streamlined oper-ation, enhancing our overall capabilities and market presence. The figures in all tables related to the Segment Data, have been updated accordingly including all historical data. Goodwill As a result of the merger of Security into Dynamics, the Good-will from Security on DKK 32.8m has been transferred to Dynamics as of July 1, 2024. Further information in regard to goodwill, please refer to note 10. DKK \u00b4000 Sweden Denmark Norway UK US Other GDC Eliminations Total 2024 Sale of services 507,141 413,391 227,573 316,975 84,126 40,091 3,695 0 1,592,992 Sale of products 21,360 20,581 7,745 11,793 4,971 0 0 0 66,450 Total revenue from own markets 528,501 433,972 235,318 328,768 89,097 40,091 3,695 0 1,659,442 Total revenue from group companies 51,398 62,506 16,866 19,489 13,091 5,820 124,982 -294,152 0 Total revenue 579,899 496,478 252,184 348,257 102,188 45,911 128,677 -294,152 1,659,442 Average number of FTE 421 365 173 211 42 38 337 0 1,587 Non-current assets 333,068 228,973 68,857 67,453 23,738 65,289 19,814 0 807,192 DKK \u00b4000 Sweden Denmark Norway UK US Other GDC Eliminations Total 2023 Sale of services 557,072 331,807 234,391 229,317 82,608 35,531 4,330 0 1,475,056 Sale of products 24,212 19,400 6,910 10,071 4,306 0 0 0 64,899 Total revenue from own markets 581,284 351,207 241,301 239,388 86,914 35,531 4,330 0 1,539,955 Total revenue from group companies 45,266 73,665 13,280 12,379 6,159 6,620 108,220 -265,589 0 Total revenue 626,550 424,872 254,581 251,767 93,073 42,151 112,550 -265,589 1,539,955 Average number of FTE 438 346 181 191 47 37 328 0 1,568 Non-current assets 357,064 263,652 57,574 45,128 22,980 64,838 18,466 0 829,702 Average FTE 2024 2023 Business LineDynamics 703 675 M3 256 265 Digital Commerce 211 216 Data & AI 91 87 CXE 82 70 Other Local Business 31 29 Business Line average number of FTE 1,374 1,342 Enabling Functions 213 226 Average number of FTE 1,587 1,568 \u25cf Accounting policies Direct costs Direct costs comprise all costs directly related to a given Busi-ness Line. This includes subcontractor costs, staff costs for consultants, sales personnel as well as management for the given Business Line, other external costs and other operating income and expenses. Contribution and contribution margin (CM) The contribution is comprising revenue for the given Business Line deducted all direct costs for the given Business Line. Contribution margin is calculated as contribution divided by total revenue. Revenue Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration Columbus expects to receive in exchange for the products or services. Revenue is recognized net of VAT, taxes etc. collected on behalf of third parties and discounts. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of incremental costs of obtaining a contract. The incre-mental costs to obtain a contract are recognized as an expense when incurred if the amortization period of the asset that Co-lumbus otherwise would have recognized is one year or less. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of a financing component if the period between the trans-fer of services to the customer and the customer\u2019s payment for these services is expected to be one year or less. Columbus primarily enters contracts which span over a longer period. Revenue is recognized on an ongoing basis since the product delivered is not usable for Columbus in other circum-stances. Additionally, the asset is under control of the cus-tomer, and Columbus has the right to payment for work per-formed according to the contract. Columbus typically enters into contracts that include a combi-nation of software licenses and consulting services. These con-tracts are classified as multiple element contracts. Multiple ele-ment contracts are generally capable of being distinct and ac-counted for as separate performance obligations. Multiple ele-ment contracts are contracts where price and other significant issues in the contract are negotiated independently. In this group of contracts, each element is recognized individually, so that the sale of software and consulting services is recognized separately at their standalone selling prices. The majority of Columbus\u2019 customer base has payment terms between 14 and 60 days from the invoice date. Columbus\u2019 ac-counting policies for each revenue line are disclosed below. Each revenue line is subject to the 5-step model which includes: 1. Identification of contract 2. Separation of performance obligations 3. Determining the transaction price 4. Allocation of price to performance obligations 5. Recognition of revenue External licenses External licenses are licenses to third party software where Columbus does not own the software and Columbus is a re-seller of the software. External licenses are classified as on-premises software where the customer is provided with a right to use the software as it exists when made available to the cus-tomer. Revenue from distinct on-premise licenses is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced. Columbus recognizes the revenue from external li-censes on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External subscriptions External subscriptions are subscriptions to third party software where Columbus does not own the software and Columbus is a reseller of the software subscriptions. The subscriptions to ex-ternal software entitle the customer to receive new versions of the software that the third-party software provider releases. Ex-ternal subscriptions are recognized at the point in time when the subscription is accepted by the customer as the perfor-mance obligation to Columbus is completed. Columbus recog-nizes the revenue from external subscriptions on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External cloud External cloud is third party software where Columbus does not own the software and Columbus is a reseller of the usage to the software. External cloud is classified as software-as-a-service (SaaS), which allows customers to use hosted software without taking possession of the software. External cloud is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced as Columbus has fulfilled all its obligations. Columbus recognizes the revenue from external cloud on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. Services/other Professional services and other fees on time and material con-tracts are recognized over time as production of each project is carried out. Revenue from fixed price projects is recognized based on the value corresponding to the stage of completion method. Revenue is recognized when total income and ex-penses of the projects and completion at the balance sheet date can be measured reliably as Columbus satisfies its perfor-mance obligations and it is probable that the economic bene-fits including payments will flow to the Group. Columbus con-siders this input method to be an appropriate measure of the progress towards complete satisfaction of these performance obligations under IFRS 15. The timing of revenue recognition often differs from contract payment schedules, resulting in revenue that has been earned but not billed. These amounts are included in \u201cContract assets.\u201d Amounts billed in accordance with customer contracts, but not yet earned, are recorded and presented as part of \u201cContract lia-bilities.\u201dNOTE 15 Contract assets and contract liabilitiesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Balance at 1 Jan 824 -4,138 -1,377 -1,981 Changes contract assets during the period -15,483 25,631 -5,620 2,279 Changes on account billing and prepayments during the pe-riod12,565 -20,669 6,735 -1,675 Balance at end of period -2,094 824 -262 -1,377 Work in progress 23,814 39,297 3,922 9,542 On account billing and prepayments -25,908 -38,473 -4,184 -10,919 Balance at end of period -2,094 824 -262 -1,377 The net value is included in the balance as follows:Contract assets 5,793 9,065 567 1,375 Contract liabilities -7,887 -8,241 -829 -2,752 Balance at end of period -2,094 824 -262 -1,377 The Group\u2019s contract assets are subject to significant judge-ments in relation to the classification of the contract and in terms of how the contract is handled and recognized in the fi-nancial statements. When determining the appropriate recog-nition of the contract, the Group accounting policies are ap-plied. Of the prepayments as at December 2023 (DKK 8,737k) DKK 6,707k has been recognized as revenue in the reporting period corresponding to 77%. The Group\u2019s total value of contracts represents DKK 25,719k as at 31 December 2024 (DKK 37,529k as at December 2023), DKK 6,953k of the total contract value is recognized as revenue as at 31 December 2024 (DKK 5,252k as at 31 December 2023). The remaining DKK 18,766k is expected to be recog-nized as revenue within 12-18 months from the balance date (DKK 32,276k af 31 December 2023). The lower contract val-ues in 2024 compared to 2023 are due to improved contract billing management in the financial year. \u25cf Accounting policies Contract assets and contract liabilities are measured at the sales value of the work performed less progress billings and ex-pected losses. Market value is measured based on completion at the balance sheet date and the total expected income from the contract. The stage of completion is determined as the ra-tio between the resources spent and the total estimated re-source for the project. For some projects where the consump-tion of resources cannot be used as a base, the measurement is instead based on the ratio between completed sub activities and the total project. When it is probable that total costs will exceed total revenue on a contract work in progress, the expected loss on the contract is taken immediately as an expense and a provision. When the outcome of a contract cannot be estimated reliably, the selling price is only recognized at cost, to the extent that it is probable, they will be recovered. Contract assets and contract liabilities are recognized in the balance sheet under current assets or liabilities, depending on whether net value of a contract is a receivable or liability. Costs of sales work and securing contracts are recognized in statement of comprehensive income as incurred. When assessing impairment for the Group\u2019s contract work in progress the simplified approach under the ECL model is used in line with impairment for the Group\u2019s trade receivables.",
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"value": "Estimate of revenue recognition of contracts The stage of completion, forming the basis for the current recognition of revenue at the Group, uses the production method of contracts. The stage of completion is determined on the basis of the relationship between the entity's resources in relation to recent total estimate of resource consumption. The degree of completion is assessed regularly by the responsible employees and the projects are closely monitored by manage-ment, and further adjustments are made to the stage of com-pletion, etc., if deemed necessary. When performing this evalu-ation, all factors concerning the relevant contract are taken into consideration and assessed appropriately. The group has a limited number of fixed price projects, which generally reduces the risk related to this. Receivables from divestment of activities Please refer to note 27 for more information. AreasMaterial/SignificantNoteEstimatesRevenue recognition and contract assets and liabilities Material 3, 15 Deferred tax assetSignificant8Impairment of goodwill Significant 10 Receivables from divestment of activitiesMaterial27NOTE 3 Segment dataGlobal Delivery Centers Strategic Business LinesMarket Units(GDC)DynamicsSwedenPolandM3DenmarkCzech RepublicDigital CommerceNorwayIndiaData & AIUKCustomer Experience & Engagement (CXE)USOther Local BusinessOtherIn order to support decisions about allocation of resources and assessment of performance of the segments, the Group\u2019s man-agement reporting of the Executive Board is based on the above grouping of operating segments. Management monitors the business, primarily based on the Business Lines and secondarily on the geographical segments. Information about the Group\u2019s Business Lines is stated above. The Business Lines relate to the type of services and products that are delivered, and comprise of Dynamics, M3, Digital Com-merce, Data & AI, and Customer Experience & Engagement. The remaining revenue which does not fall into any of the above-mentioned Business Lines, is classified as Other Local Business. Market Units comprise of significant geographical markets that the Group operates in. Management uses the Market Units to assess market conditions and performance on revenue only. The operating segments are measured from revenue to contri-bution, as this represents the significant part of the operation of the segments. The balance sheet is measured for legal enti-ties only. Cost related to functions necessary to support the business is classified as Enabling Functions and comprise of all cost not di-rectly related to a specific Business Line, including costs related to facility, marketing, finance, people, legal and management. Enabling Functions mostly operate as global teams, servicing across Business Line and geography. Income and costs recog-nized in the profit and loss, that is not directly related to a business line is included in Enabling functions, i.e. legal cases and M&A activities. Reconciliation between EBITDA and Profit before tax is shown in the comprehensive income statement. Business Lines Service Revenue Split YTD \u2082\u2070\u2082\u2074 1%6%6%11%20%56%DynamicsM3Digital CommerceData & AICXEOther Local BusinessDKK \u00b4000 Services Products Total revenue Direct costs Contribution CM % 2024Dynamics 893,968 44,305 938,273 -687,142 251,131 27% M3 320,982 6,304 327,286 -264,163 63,123 19% Digital Commerce 180,550 1,589 182,139 -168,919 13,220 7% Data & AI 88,482 564 89,046 -76,463 12,583 14% CXE 86,785 1,048 87,833 -78,002 9,831 11% Other Local Business 22,225 12,640 34,865 -21,533 13,332 38% Total 1,592,992 66,450 1,659,442 -1,296,222 363,220 22% Enabling Functions -210,550 EBITDA 152,670 DKK \u00b4000 Services Products Total revenue Direct costs Contribution CM % 2023 Dynamics 804,322 45,913 850,235 -630,486 219,749 26% M3 301,472 6,362 307,834 -247,591 60,243 20% Digital Commerce 195,418 1,820 197,238 -163,584 33,654 17% Data & AI 77,233 658 77,891 -64,991 12,900 17% CXE 67,248 700 67,948 -59,006 8,942 13% Other Local Business 29,363 9,446 38,809 -37,486 1,323 3% Total 1,475,056 64,899 1,539,955 -1,203,144 336,811 22% Enabling Functions -219,277 EBITDA 117,534 Development in Business Lines Comments relating to the growth of the Business Lines are described in the management commentary under the financial review. Reconciliation between EBITDA and Profit before tax is shown in the comprehensive income statement. As of 1 July 2024, the Security Business Line has been merged into Dynamics Business Line. Security shifted its focus to deliv-ering Microsoft Security solutions with a primary emphasis on serving Dynamics customers. To streamline the Business Line setup, the Business Line has been merged into Dynamics. This consolidation combines the strengths and re-sources of both Business Lines to create a more efficient and streamlined oper-ation, enhancing our overall capabilities and market presence. The figures in all tables related to the Segment Data, have been updated accordingly including all historical data. Goodwill As a result of the merger of Security into Dynamics, the Good-will from Security on DKK 32.8m has been transferred to Dynamics as of July 1, 2024. Further information in regard to goodwill, please refer to note 10. DKK \u00b4000 Sweden Denmark Norway UK US Other GDC Eliminations Total 2024 Sale of services 507,141 413,391 227,573 316,975 84,126 40,091 3,695 0 1,592,992 Sale of products 21,360 20,581 7,745 11,793 4,971 0 0 0 66,450 Total revenue from own markets 528,501 433,972 235,318 328,768 89,097 40,091 3,695 0 1,659,442 Total revenue from group companies 51,398 62,506 16,866 19,489 13,091 5,820 124,982 -294,152 0 Total revenue 579,899 496,478 252,184 348,257 102,188 45,911 128,677 -294,152 1,659,442 Average number of FTE 421 365 173 211 42 38 337 0 1,587 Non-current assets 333,068 228,973 68,857 67,453 23,738 65,289 19,814 0 807,192 DKK \u00b4000 Sweden Denmark Norway UK US Other GDC Eliminations Total 2023 Sale of services 557,072 331,807 234,391 229,317 82,608 35,531 4,330 0 1,475,056 Sale of products 24,212 19,400 6,910 10,071 4,306 0 0 0 64,899 Total revenue from own markets 581,284 351,207 241,301 239,388 86,914 35,531 4,330 0 1,539,955 Total revenue from group companies 45,266 73,665 13,280 12,379 6,159 6,620 108,220 -265,589 0 Total revenue 626,550 424,872 254,581 251,767 93,073 42,151 112,550 -265,589 1,539,955 Average number of FTE 438 346 181 191 47 37 328 0 1,568 Non-current assets 357,064 263,652 57,574 45,128 22,980 64,838 18,466 0 829,702 Average FTE 2024 2023 Business LineDynamics 703 675 M3 256 265 Digital Commerce 211 216 Data & AI 91 87 CXE 82 70 Other Local Business 31 29 Business Line average number of FTE 1,374 1,342 Enabling Functions 213 226 Average number of FTE 1,587 1,568 \u25cf Accounting policies Direct costs Direct costs comprise all costs directly related to a given Busi-ness Line. This includes subcontractor costs, staff costs for consultants, sales personnel as well as management for the given Business Line, other external costs and other operating income and expenses. Contribution and contribution margin (CM) The contribution is comprising revenue for the given Business Line deducted all direct costs for the given Business Line. Contribution margin is calculated as contribution divided by total revenue. Revenue Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration Columbus expects to receive in exchange for the products or services. Revenue is recognized net of VAT, taxes etc. collected on behalf of third parties and discounts. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of incremental costs of obtaining a contract. The incre-mental costs to obtain a contract are recognized as an expense when incurred if the amortization period of the asset that Co-lumbus otherwise would have recognized is one year or less. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of a financing component if the period between the trans-fer of services to the customer and the customer\u2019s payment for these services is expected to be one year or less. Columbus primarily enters contracts which span over a longer period. Revenue is recognized on an ongoing basis since the product delivered is not usable for Columbus in other circum-stances. Additionally, the asset is under control of the cus-tomer, and Columbus has the right to payment for work per-formed according to the contract. Columbus typically enters into contracts that include a combi-nation of software licenses and consulting services. These con-tracts are classified as multiple element contracts. Multiple ele-ment contracts are generally capable of being distinct and ac-counted for as separate performance obligations. Multiple ele-ment contracts are contracts where price and other significant issues in the contract are negotiated independently. In this group of contracts, each element is recognized individually, so that the sale of software and consulting services is recognized separately at their standalone selling prices. The majority of Columbus\u2019 customer base has payment terms between 14 and 60 days from the invoice date. Columbus\u2019 ac-counting policies for each revenue line are disclosed below. Each revenue line is subject to the 5-step model which includes: 1. Identification of contract 2. Separation of performance obligations 3. Determining the transaction price 4. Allocation of price to performance obligations 5. Recognition of revenue External licenses External licenses are licenses to third party software where Columbus does not own the software and Columbus is a re-seller of the software. External licenses are classified as on-premises software where the customer is provided with a right to use the software as it exists when made available to the cus-tomer. Revenue from distinct on-premise licenses is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced. Columbus recognizes the revenue from external li-censes on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External subscriptions External subscriptions are subscriptions to third party software where Columbus does not own the software and Columbus is a reseller of the software subscriptions. The subscriptions to ex-ternal software entitle the customer to receive new versions of the software that the third-party software provider releases. Ex-ternal subscriptions are recognized at the point in time when the subscription is accepted by the customer as the perfor-mance obligation to Columbus is completed. Columbus recog-nizes the revenue from external subscriptions on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External cloud External cloud is third party software where Columbus does not own the software and Columbus is a reseller of the usage to the software. External cloud is classified as software-as-a-service (SaaS), which allows customers to use hosted software without taking possession of the software. External cloud is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced as Columbus has fulfilled all its obligations. Columbus recognizes the revenue from external cloud on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. Services/other Professional services and other fees on time and material con-tracts are recognized over time as production of each project is carried out. Revenue from fixed price projects is recognized based on the value corresponding to the stage of completion method. Revenue is recognized when total income and ex-penses of the projects and completion at the balance sheet date can be measured reliably as Columbus satisfies its perfor-mance obligations and it is probable that the economic bene-fits including payments will flow to the Group. Columbus con-siders this input method to be an appropriate measure of the progress towards complete satisfaction of these performance obligations under IFRS 15. The timing of revenue recognition often differs from contract payment schedules, resulting in revenue that has been earned but not billed. These amounts are included in \u201cContract assets.\u201d Amounts billed in accordance with customer contracts, but not yet earned, are recorded and presented as part of \u201cContract lia-bilities.\u201d",
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"value": "NOTE 2 Material accounting estimates and judgementsBy applying the Group\u2019s accounting principles as described in each of the individual notes to the consolidated financial state-ments, it is necessary that the management performs judge-ments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The performed estimates and judgements are based on histori-cal experience and other factors that management considers reasonable under the circumstances, but which are inherently uncertain and unpredictable. The assumptions may be incom-plete or inaccurate, and unexpected events or circumstances may occur. The Company is also subject to risks and uncertain-ties that may cause actual results to differ from these esti-mates. Specific risks for the Columbus Group are described in \"Risk Management\", cf. page 41. The estimates and underlying assumptions are reviewed regu-larly. Changes to accounting estimates are recognized in the accounting period in which the change occurs and in future pe-riods if the change affects both the period in which the change occurs and subsequent accounting periods For further descrip-tion of the applied judgements and estimates, please refer to the specific notes listed above. The following judgements and estimates are considered as the most material for the Group. Estimate of revenue recognition of contracts The stage of completion, forming the basis for the current recognition of revenue at the Group, uses the production method of contracts. The stage of completion is determined on the basis of the relationship between the entity's resources in relation to recent total estimate of resource consumption. The degree of completion is assessed regularly by the responsible employees and the projects are closely monitored by manage-ment, and further adjustments are made to the stage of com-pletion, etc., if deemed necessary. When performing this evalu-ation, all factors concerning the relevant contract are taken into consideration and assessed appropriately. The group has a limited number of fixed price projects, which generally reduces the risk related to this. Receivables from divestment of activities Please refer to note 27 for more information. AreasMaterial/SignificantNoteEstimatesRevenue recognition and contract assets and liabilities Material 3, 15 Deferred tax assetSignificant8Impairment of goodwill Significant 10 Receivables from divestment of activitiesMaterial27",
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"f0__s9__7__51": {
"value": "NOTE 3 Segment dataGlobal Delivery Centers Strategic Business LinesMarket Units(GDC)DynamicsSwedenPolandM3DenmarkCzech RepublicDigital CommerceNorwayIndiaData & AIUKCustomer Experience & Engagement (CXE)USOther Local BusinessOtherIn order to support decisions about allocation of resources and assessment of performance of the segments, the Group\u2019s man-agement reporting of the Executive Board is based on the above grouping of operating segments. Management monitors the business, primarily based on the Business Lines and secondarily on the geographical segments. Information about the Group\u2019s Business Lines is stated above. The Business Lines relate to the type of services and products that are delivered, and comprise of Dynamics, M3, Digital Com-merce, Data & AI, and Customer Experience & Engagement. The remaining revenue which does not fall into any of the above-mentioned Business Lines, is classified as Other Local Business. Market Units comprise of significant geographical markets that the Group operates in. Management uses the Market Units to assess market conditions and performance on revenue only. The operating segments are measured from revenue to contri-bution, as this represents the significant part of the operation of the segments. The balance sheet is measured for legal enti-ties only. Cost related to functions necessary to support the business is classified as Enabling Functions and comprise of all cost not di-rectly related to a specific Business Line, including costs related to facility, marketing, finance, people, legal and management. Enabling Functions mostly operate as global teams, servicing across Business Line and geography. Income and costs recog-nized in the profit and loss, that is not directly related to a business line is included in Enabling functions, i.e. legal cases and M&A activities. Reconciliation between EBITDA and Profit before tax is shown in the comprehensive income statement. Business Lines Service Revenue Split YTD \u2082\u2070\u2082\u2074 1%6%6%11%20%56%DynamicsM3Digital CommerceData & AICXEOther Local BusinessDKK \u00b4000 Services Products Total revenue Direct costs Contribution CM % 2024Dynamics 893,968 44,305 938,273 -687,142 251,131 27% M3 320,982 6,304 327,286 -264,163 63,123 19% Digital Commerce 180,550 1,589 182,139 -168,919 13,220 7% Data & AI 88,482 564 89,046 -76,463 12,583 14% CXE 86,785 1,048 87,833 -78,002 9,831 11% Other Local Business 22,225 12,640 34,865 -21,533 13,332 38% Total 1,592,992 66,450 1,659,442 -1,296,222 363,220 22% Enabling Functions -210,550 EBITDA 152,670 DKK \u00b4000 Services Products Total revenue Direct costs Contribution CM % 2023 Dynamics 804,322 45,913 850,235 -630,486 219,749 26% M3 301,472 6,362 307,834 -247,591 60,243 20% Digital Commerce 195,418 1,820 197,238 -163,584 33,654 17% Data & AI 77,233 658 77,891 -64,991 12,900 17% CXE 67,248 700 67,948 -59,006 8,942 13% Other Local Business 29,363 9,446 38,809 -37,486 1,323 3% Total 1,475,056 64,899 1,539,955 -1,203,144 336,811 22% Enabling Functions -219,277 EBITDA 117,534 Development in Business Lines Comments relating to the growth of the Business Lines are described in the management commentary under the financial review. Reconciliation between EBITDA and Profit before tax is shown in the comprehensive income statement. As of 1 July 2024, the Security Business Line has been merged into Dynamics Business Line. Security shifted its focus to deliv-ering Microsoft Security solutions with a primary emphasis on serving Dynamics customers. To streamline the Business Line setup, the Business Line has been merged into Dynamics. This consolidation combines the strengths and re-sources of both Business Lines to create a more efficient and streamlined oper-ation, enhancing our overall capabilities and market presence. The figures in all tables related to the Segment Data, have been updated accordingly including all historical data. Goodwill As a result of the merger of Security into Dynamics, the Good-will from Security on DKK 32.8m has been transferred to Dynamics as of July 1, 2024. Further information in regard to goodwill, please refer to note 10. DKK \u00b4000 Sweden Denmark Norway UK US Other GDC Eliminations Total 2024 Sale of services 507,141 413,391 227,573 316,975 84,126 40,091 3,695 0 1,592,992 Sale of products 21,360 20,581 7,745 11,793 4,971 0 0 0 66,450 Total revenue from own markets 528,501 433,972 235,318 328,768 89,097 40,091 3,695 0 1,659,442 Total revenue from group companies 51,398 62,506 16,866 19,489 13,091 5,820 124,982 -294,152 0 Total revenue 579,899 496,478 252,184 348,257 102,188 45,911 128,677 -294,152 1,659,442 Average number of FTE 421 365 173 211 42 38 337 0 1,587 Non-current assets 333,068 228,973 68,857 67,453 23,738 65,289 19,814 0 807,192 DKK \u00b4000 Sweden Denmark Norway UK US Other GDC Eliminations Total 2023 Sale of services 557,072 331,807 234,391 229,317 82,608 35,531 4,330 0 1,475,056 Sale of products 24,212 19,400 6,910 10,071 4,306 0 0 0 64,899 Total revenue from own markets 581,284 351,207 241,301 239,388 86,914 35,531 4,330 0 1,539,955 Total revenue from group companies 45,266 73,665 13,280 12,379 6,159 6,620 108,220 -265,589 0 Total revenue 626,550 424,872 254,581 251,767 93,073 42,151 112,550 -265,589 1,539,955 Average number of FTE 438 346 181 191 47 37 328 0 1,568 Non-current assets 357,064 263,652 57,574 45,128 22,980 64,838 18,466 0 829,702 Average FTE 2024 2023 Business LineDynamics 703 675 M3 256 265 Digital Commerce 211 216 Data & AI 91 87 CXE 82 70 Other Local Business 31 29 Business Line average number of FTE 1,374 1,342 Enabling Functions 213 226 Average number of FTE 1,587 1,568 \u25cf Accounting policies Direct costs Direct costs comprise all costs directly related to a given Busi-ness Line. This includes subcontractor costs, staff costs for consultants, sales personnel as well as management for the given Business Line, other external costs and other operating income and expenses. Contribution and contribution margin (CM) The contribution is comprising revenue for the given Business Line deducted all direct costs for the given Business Line. Contribution margin is calculated as contribution divided by total revenue. Revenue Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration Columbus expects to receive in exchange for the products or services. Revenue is recognized net of VAT, taxes etc. collected on behalf of third parties and discounts. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of incremental costs of obtaining a contract. The incre-mental costs to obtain a contract are recognized as an expense when incurred if the amortization period of the asset that Co-lumbus otherwise would have recognized is one year or less. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of a financing component if the period between the trans-fer of services to the customer and the customer\u2019s payment for these services is expected to be one year or less. Columbus primarily enters contracts which span over a longer period. Revenue is recognized on an ongoing basis since the product delivered is not usable for Columbus in other circum-stances. Additionally, the asset is under control of the cus-tomer, and Columbus has the right to payment for work per-formed according to the contract. Columbus typically enters into contracts that include a combi-nation of software licenses and consulting services. These con-tracts are classified as multiple element contracts. Multiple ele-ment contracts are generally capable of being distinct and ac-counted for as separate performance obligations. Multiple ele-ment contracts are contracts where price and other significant issues in the contract are negotiated independently. In this group of contracts, each element is recognized individually, so that the sale of software and consulting services is recognized separately at their standalone selling prices. The majority of Columbus\u2019 customer base has payment terms between 14 and 60 days from the invoice date. Columbus\u2019 ac-counting policies for each revenue line are disclosed below. Each revenue line is subject to the 5-step model which includes: 1. Identification of contract 2. Separation of performance obligations 3. Determining the transaction price 4. Allocation of price to performance obligations 5. Recognition of revenue External licenses External licenses are licenses to third party software where Columbus does not own the software and Columbus is a re-seller of the software. External licenses are classified as on-premises software where the customer is provided with a right to use the software as it exists when made available to the cus-tomer. Revenue from distinct on-premise licenses is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced. Columbus recognizes the revenue from external li-censes on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External subscriptions External subscriptions are subscriptions to third party software where Columbus does not own the software and Columbus is a reseller of the software subscriptions. The subscriptions to ex-ternal software entitle the customer to receive new versions of the software that the third-party software provider releases. Ex-ternal subscriptions are recognized at the point in time when the subscription is accepted by the customer as the perfor-mance obligation to Columbus is completed. Columbus recog-nizes the revenue from external subscriptions on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External cloud External cloud is third party software where Columbus does not own the software and Columbus is a reseller of the usage to the software. External cloud is classified as software-as-a-service (SaaS), which allows customers to use hosted software without taking possession of the software. External cloud is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced as Columbus has fulfilled all its obligations. Columbus recognizes the revenue from external cloud on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. Services/other Professional services and other fees on time and material con-tracts are recognized over time as production of each project is carried out. Revenue from fixed price projects is recognized based on the value corresponding to the stage of completion method. Revenue is recognized when total income and ex-penses of the projects and completion at the balance sheet date can be measured reliably as Columbus satisfies its perfor-mance obligations and it is probable that the economic bene-fits including payments will flow to the Group. Columbus con-siders this input method to be an appropriate measure of the progress towards complete satisfaction of these performance obligations under IFRS 15. The timing of revenue recognition often differs from contract payment schedules, resulting in revenue that has been earned but not billed. These amounts are included in \u201cContract assets.\u201d Amounts billed in accordance with customer contracts, but not yet earned, are recorded and presented as part of \u201cContract lia-bilities.\u201d",
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"value": "Accounting policies Direct costs Direct costs comprise all costs directly related to a given Busi-ness Line. This includes subcontractor costs, staff costs for consultants, sales personnel as well as management for the given Business Line, other external costs and other operating income and expenses. Contribution and contribution margin (CM) The contribution is comprising revenue for the given Business Line deducted all direct costs for the given Business Line. Contribution margin is calculated as contribution divided by total revenue. Revenue Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration Columbus expects to receive in exchange for the products or services. Revenue is recognized net of VAT, taxes etc. collected on behalf of third parties and discounts. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of incremental costs of obtaining a contract. The incre-mental costs to obtain a contract are recognized as an expense when incurred if the amortization period of the asset that Co-lumbus otherwise would have recognized is one year or less. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of a financing component if the period between the trans-fer of services to the customer and the customer\u2019s payment for these services is expected to be one year or less. Columbus primarily enters contracts which span over a longer period. Revenue is recognized on an ongoing basis since the product delivered is not usable for Columbus in other circum-stances. Additionally, the asset is under control of the cus-tomer, and Columbus has the right to payment for work per-formed according to the contract. Columbus typically enters into contracts that include a combi-nation of software licenses and consulting services. These con-tracts are classified as multiple element contracts. Multiple ele-ment contracts are generally capable of being distinct and ac-counted for as separate performance obligations. Multiple ele-ment contracts are contracts where price and other significant issues in the contract are negotiated independently. In this group of contracts, each element is recognized individually, so that the sale of software and consulting services is recognized separately at their standalone selling prices. The majority of Columbus\u2019 customer base has payment terms between 14 and 60 days from the invoice date. Columbus\u2019 ac-counting policies for each revenue line are disclosed below. Each revenue line is subject to the 5-step model which includes: 1. Identification of contract 2. Separation of performance obligations 3. Determining the transaction price 4. Allocation of price to performance obligations 5. Recognition of revenue External licenses External licenses are licenses to third party software where Columbus does not own the software and Columbus is a re-seller of the software. External licenses are classified as on-premises software where the customer is provided with a right to use the software as it exists when made available to the cus-tomer. Revenue from distinct on-premise licenses is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced. Columbus recognizes the revenue from external li-censes on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External subscriptions External subscriptions are subscriptions to third party software where Columbus does not own the software and Columbus is a reseller of the software subscriptions. The subscriptions to ex-ternal software entitle the customer to receive new versions of the software that the third-party software provider releases. Ex-ternal subscriptions are recognized at the point in time when the subscription is accepted by the customer as the perfor-mance obligation to Columbus is completed. Columbus recog-nizes the revenue from external subscriptions on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External cloud External cloud is third party software where Columbus does not own the software and Columbus is a reseller of the usage to the software. External cloud is classified as software-as-a-service (SaaS), which allows customers to use hosted software without taking possession of the software. External cloud is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced as Columbus has fulfilled all its obligations. Columbus recognizes the revenue from external cloud on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. Services/other Professional services and other fees on time and material con-tracts are recognized over time as production of each project is carried out. Revenue from fixed price projects is recognized based on the value corresponding to the stage of completion method. Revenue is recognized when total income and ex-penses of the projects and completion at the balance sheet date can be measured reliably as Columbus satisfies its perfor-mance obligations and it is probable that the economic bene-fits including payments will flow to the Group. Columbus con-siders this input method to be an appropriate measure of the progress towards complete satisfaction of these performance obligations under IFRS 15. The timing of revenue recognition often differs from contract payment schedules, resulting in revenue that has been earned but not billed. These amounts are included in \u201cContract assets.\u201d Amounts billed in accordance with customer contracts, but not yet earned, are recorded and presented as part of \u201cContract lia-bilities.\u201d",
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},
"f0__s9__7__54": {
"value": "Accounting policies Direct costs Direct costs comprise all costs directly related to a given Busi-ness Line. This includes subcontractor costs, staff costs for consultants, sales personnel as well as management for the given Business Line, other external costs and other operating income and expenses. Contribution and contribution margin (CM) The contribution is comprising revenue for the given Business Line deducted all direct costs for the given Business Line. Contribution margin is calculated as contribution divided by total revenue. Revenue Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration Columbus expects to receive in exchange for the products or services. Revenue is recognized net of VAT, taxes etc. collected on behalf of third parties and discounts. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of incremental costs of obtaining a contract. The incre-mental costs to obtain a contract are recognized as an expense when incurred if the amortization period of the asset that Co-lumbus otherwise would have recognized is one year or less. Columbus has chosen to apply the practical expedient to not adjust the total consideration over the contract term for the ef-fect of a financing component if the period between the trans-fer of services to the customer and the customer\u2019s payment for these services is expected to be one year or less. Columbus primarily enters contracts which span over a longer period. Revenue is recognized on an ongoing basis since the product delivered is not usable for Columbus in other circum-stances. Additionally, the asset is under control of the cus-tomer, and Columbus has the right to payment for work per-formed according to the contract. Columbus typically enters into contracts that include a combi-nation of software licenses and consulting services. These con-tracts are classified as multiple element contracts. Multiple ele-ment contracts are generally capable of being distinct and ac-counted for as separate performance obligations. Multiple ele-ment contracts are contracts where price and other significant issues in the contract are negotiated independently. In this group of contracts, each element is recognized individually, so that the sale of software and consulting services is recognized separately at their standalone selling prices. The majority of Columbus\u2019 customer base has payment terms between 14 and 60 days from the invoice date. Columbus\u2019 ac-counting policies for each revenue line are disclosed below. Each revenue line is subject to the 5-step model which includes: 1. Identification of contract 2. Separation of performance obligations 3. Determining the transaction price 4. Allocation of price to performance obligations 5. Recognition of revenue External licenses External licenses are licenses to third party software where Columbus does not own the software and Columbus is a re-seller of the software. External licenses are classified as on-premises software where the customer is provided with a right to use the software as it exists when made available to the cus-tomer. Revenue from distinct on-premise licenses is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced. Columbus recognizes the revenue from external li-censes on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External subscriptions External subscriptions are subscriptions to third party software where Columbus does not own the software and Columbus is a reseller of the software subscriptions. The subscriptions to ex-ternal software entitle the customer to receive new versions of the software that the third-party software provider releases. Ex-ternal subscriptions are recognized at the point in time when the subscription is accepted by the customer as the perfor-mance obligation to Columbus is completed. Columbus recog-nizes the revenue from external subscriptions on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. External cloud External cloud is third party software where Columbus does not own the software and Columbus is a reseller of the usage to the software. External cloud is classified as software-as-a-service (SaaS), which allows customers to use hosted software without taking possession of the software. External cloud is recognized upfront at the point in time when the software is made available to the customer and the right to use the software has com-menced as Columbus has fulfilled all its obligations. Columbus recognizes the revenue from external cloud on a net basis with gross invoiced sales, less costs of the resold products reported as revenue. Services/other Professional services and other fees on time and material con-tracts are recognized over time as production of each project is carried out. Revenue from fixed price projects is recognized based on the value corresponding to the stage of completion method. Revenue is recognized when total income and ex-penses of the projects and completion at the balance sheet date can be measured reliably as Columbus satisfies its perfor-mance obligations and it is probable that the economic bene-fits including payments will flow to the Group. Columbus con-siders this input method to be an appropriate measure of the progress towards complete satisfaction of these performance obligations under IFRS 15. The timing of revenue recognition often differs from contract payment schedules, resulting in revenue that has been earned but not billed. These amounts are included in \u201cContract assets.\u201d Amounts billed in accordance with customer contracts, but not yet earned, are recorded and presented as part of \u201cContract lia-bilities.\u201d",
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"f0__s9__7__61": {
"value": "The key management in the Group are remunerated as follows: Executive Board of Total Executive Other senior DKK \u00b4000Board Directors Management employees 2024Salary and wages 11,820 1,163 12,983 18,913 Share-based payment 1,340 0 1,340 0 13,160 1,163 14,323 18,913 2023 Salary and wages 8,795 1,163 9,958 17,382 Share-based payment 605 0 605 0 9,400 1,163 10,563 17,382 Other senior employees are defined as those employees involved in management of the parent company, as well as the Managing Directors of the parent company's subsidiaries. The remuneration to other senior employees is DKK 1.5m higher than 2023 due to three new senior employees who joined dur-ing 2024, as well as a general increase in salaries. The Executive Board and a number of senior employees in the Parent Company as well as the Group are subject to special bonuses depending on individually defined performance tar-gets. The arrangements are unchanged compared to last year. Incentive schemes Columbus only grants warrant programs to key management as part of remuneration and retention of the employee. In April 2023 Columbus established a warrant program for sen-ior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2026. At the grant date the fair value of the warrants was DKK 589,500. The exercise periods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contin-gent on employment in the Company. In February 2024 Columbus established a warrant program for senior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2027. On the grant date the fair value of the warrants was DKK 1,923,999. The exercise pe-riods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contingent on employment in the Company. Changes in the capital in Columbus, distribution of dividend or change of control do not result in any adjustment of the num-ber of warrants or the exercise price. The development in outstanding warrants can be specified as follows: Number of warrants Avg. exercise rate per warrant 2024 2023 2024 2023 Outstanding 1 January 1,749,999 2,817,499 9.56 9.75 Granted during the period 1,299,999 450,000 7.24 6.45 Expired during the period -1,299,999 -1,517,500 10.63 8.99 Outstanding end of period 1,749,999 1,749,999 7.04 9.56 Number of warrants which can be exercised at balance sheet date150,000 966,666 Weighted average contractual life (years) 3.04 1.81 Weighted average exercise rate 6.45 10.63 The incentive scheme is based on Black & Scholes' calculations for the estimated market value at the time of allocation. The assessment is based on the following assumptions: Warrants Share price Number of Risk free Expiry December at grant date Exercise price warrants Estimated interest (number 2024(DKK per share) (DKK per share) end of period volatility (%)* (%) of years) Granted April 2023 6.45 6.45 450,000 25.3% 2.60% 1.30 Granted Febru-ary 2024 7.24 7.24 1.299,999 30.0% 2.46% 2.30 * The expected volatility is calculated based on the historic adjusted volatility during the past year until the grant of the warrant programs. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Expensed share-based payment related to equity instruments 1,340 605 1,340 605 \u25cf Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. ",
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"f0__s9__7__60-1": {
"value": "The key management in the Group are remunerated as follows: Executive Board of Total Executive Other senior DKK \u00b4000Board Directors Management employees 2024Salary and wages 11,820 1,163 12,983 18,913 Share-based payment 1,340 0 1,340 0 13,160 1,163 14,323 18,913 2023 Salary and wages 8,795 1,163 9,958 17,382 Share-based payment 605 0 605 0 9,400 1,163 10,563 17,382 Other senior employees are defined as those employees involved in management of the parent company, as well as the Managing Directors of the parent company's subsidiaries. The remuneration to other senior employees is DKK 1.5m higher than 2023 due to three new senior employees who joined dur-ing 2024, as well as a general increase in salaries. The Executive Board and a number of senior employees in the Parent Company as well as the Group are subject to special bonuses depending on individually defined performance tar-gets. The arrangements are unchanged compared to last year. Incentive schemes Columbus only grants warrant programs to key management as part of remuneration and retention of the employee. In April 2023 Columbus established a warrant program for sen-ior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2026. At the grant date the fair value of the warrants was DKK 589,500. The exercise periods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contin-gent on employment in the Company. In February 2024 Columbus established a warrant program for senior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2027. On the grant date the fair value of the warrants was DKK 1,923,999. The exercise pe-riods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contingent on employment in the Company. Changes in the capital in Columbus, distribution of dividend or change of control do not result in any adjustment of the num-ber of warrants or the exercise price. The development in outstanding warrants can be specified as follows: Number of warrants Avg. exercise rate per warrant 2024 2023 2024 2023 Outstanding 1 January 1,749,999 2,817,499 9.56 9.75 Granted during the period 1,299,999 450,000 7.24 6.45 Expired during the period -1,299,999 -1,517,500 10.63 8.99 Outstanding end of period 1,749,999 1,749,999 7.04 9.56 Number of warrants which can be exercised at balance sheet date150,000 966,666 Weighted average contractual life (years) 3.04 1.81 Weighted average exercise rate 6.45 10.63 The incentive scheme is based on Black & Scholes' calculations for the estimated market value at the time of allocation. The assessment is based on the following assumptions: Warrants Share price Number of Risk free Expiry December at grant date Exercise price warrants Estimated interest (number 2024(DKK per share) (DKK per share) end of period volatility (%)* (%) of years) Granted April 2023 6.45 6.45 450,000 25.3% 2.60% 1.30 Granted Febru-ary 2024 7.24 7.24 1.299,999 30.0% 2.46% 2.30 * The expected volatility is calculated based on the historic adjusted volatility during the past year until the grant of the warrant programs. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Expensed share-based payment related to equity instruments 1,340 605 1,340 605 \u25cf Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. NOTE 22 Related partiesConsolidated Holdings A/S has a controlling interest in the Co-lumbus Group, including Columbus A/S. Other related parties with significant influence in the Columbus Group are the Company\u2019s Board of Directors, Execu-tive Board and certain executives and their related parties. Fur-thermore, related parties are companies in which the above persons have significant influence. Related parties with controlling interest Consolidated Holdings A/S (Fredheimvej 9, 2950 Vedb\u00e6k) Consolidated Holdings A/S owns 61.75% of the shares in Co-lumbus A/S, Consolidated Holdings A/S has a controlling inter-est in Columbus A/S, as Consolidated Holdings A/S, through its shareholding and its shareholder voting agreements, controls the majority (63,17%) of the votes at the annual general meet-ing. Transactions with the company are made on an arm's length basis, Ib Kun\u00f8e is the majority shareholder in Consoli-dated Holdings A/S. Dividend to Consolidated Holdings A/S is paid on equal princi-pals as with other shareholders. Furthermore, Consolidated Holdings A/S is in a joint taxation with the Danish entities in the Columbus Group, with Consolidated Holdings A/S as manage-ment company. In 2024 Columbus received a tax receivable from Consolidated Holdings A/S for DKK 0 (2023: DKK 0). Related parties with significant influence ATEA (Lautrupvang 6, 2750 Ballerup) Consolidated Holdings A/S has significant influence in ATEA, and certain dual roles in the management are filled by the same persons in ATEA and the Columbus Group. Transactions with the company are made on an arm's length basis. X-Yachts A/S (Fjordagervej 21, 6100 Haderslev) Consolidated Holdings A/S has a significant influence in X-Yachts A/S and certain roles in the management are filled by the same persons in X-Yachts and Columbus Group. Transac-tions with X-Yachts A/S were made on arm\u2019s length. Executive Board and Board of Directors Remuneration of the Executive Board, the Board of Directors and executives appears from note 4. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Net salesAtea 8,477 6,817 299 793 X-Yachts A/S 1,453 1,739 1,441 2248 Total 9,930 8,556 1,740 3,041 Net purchaseAtea -18,165 -16,208 -14,208 -16,208 Total -18,165 -16,208 -14,208 -16,208 Trade receivablesAtea 1,801 820 0 0 X-Yachts A/S 190 385 190 385 Total 1,991 1,205 190 385 Trade payables Atea -3,528 -3,073 -3,528 -3,073 Total -3,528 -3,073 -3,528 -3,073 Sale to Atea and X-Yachts is primarily consultancy and sale of li-rdcenses from 3 parties. Purchase from Atea and subsidiaries is primarily office rent, purchase of IT equipment, software and consultancy services. The lease contract for office rent constitutes right-of-use asset of DKK 11,545k and lease liability of DKK 11,971k. Subsidiaries Related parties in Columbus also comprise the subsidiaries in which the Company has controlling interest, cf. the Group overview. Trading with subsidiaries was as follows: Parent Company DKK \u00b4000 2024 2023 Purchase from subsidiaries -57,319 -35,464 Sold to subsidiaries 111,701 127,185 Purchases from subsidiaries are primarily consultancy and development hours from Columbus' Global Delivery Center, and internally developed software for customer sales. Sold to subsidiaries is primarily service and tools fees, consul-tancy and development hours, as well as cost split for the shared service center in Columbus\u2019 Danish and Norwegian companies. Transactions with subsidiaries are eliminated in the consoli-dated financial statements in accordance with applied ac-counting policies. Outstanding accounts with subsidiaries Columbus' outstanding accounts with subsidiaries are shown directly in the balance sheet. Outstanding accounts are inter-est-bearing. The interest payment of outstanding accounts is shown in note 7. Payment terms for regular outstanding accounts are invoiced month + 30 days. ",
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"f0__s9__7__57-1": {
"value": "NOTE 4 Staff expenses and remunerationGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Staff expenses Salary and wages 1,017,693 944,367 324,104 277,783 Other social security costs 138,361 130,749 2,603 2,261 Other staff expenses 38,896 27,099 11,015 2,670 Share-based payment 1,340 605 1,340 605 Total staff expenses 1,196,290 1,102,820 339,062 283,319 Average number of FTEs 1,587 1,568 339 308The key management in the Group are remunerated as follows: Executive Board of Total Executive Other senior DKK \u00b4000Board Directors Management employees 2024Salary and wages 11,820 1,163 12,983 18,913 Share-based payment 1,340 0 1,340 0 13,160 1,163 14,323 18,913 2023 Salary and wages 8,795 1,163 9,958 17,382 Share-based payment 605 0 605 0 9,400 1,163 10,563 17,382 Other senior employees are defined as those employees involved in management of the parent company, as well as the Managing Directors of the parent company's subsidiaries. The remuneration to other senior employees is DKK 1.5m higher than 2023 due to three new senior employees who joined dur-ing 2024, as well as a general increase in salaries. The Executive Board and a number of senior employees in the Parent Company as well as the Group are subject to special bonuses depending on individually defined performance tar-gets. The arrangements are unchanged compared to last year. Incentive schemes Columbus only grants warrant programs to key management as part of remuneration and retention of the employee. In April 2023 Columbus established a warrant program for sen-ior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2026. At the grant date the fair value of the warrants was DKK 589,500. The exercise periods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contin-gent on employment in the Company. In February 2024 Columbus established a warrant program for senior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2027. On the grant date the fair value of the warrants was DKK 1,923,999. The exercise pe-riods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contingent on employment in the Company. Changes in the capital in Columbus, distribution of dividend or change of control do not result in any adjustment of the num-ber of warrants or the exercise price. The development in outstanding warrants can be specified as follows: Number of warrants Avg. exercise rate per warrant 2024 2023 2024 2023 Outstanding 1 January 1,749,999 2,817,499 9.56 9.75 Granted during the period 1,299,999 450,000 7.24 6.45 Expired during the period -1,299,999 -1,517,500 10.63 8.99 Outstanding end of period 1,749,999 1,749,999 7.04 9.56 Number of warrants which can be exercised at balance sheet date150,000 966,666 Weighted average contractual life (years) 3.04 1.81 Weighted average exercise rate 6.45 10.63 The incentive scheme is based on Black & Scholes' calculations for the estimated market value at the time of allocation. The assessment is based on the following assumptions: Warrants Share price Number of Risk free Expiry December at grant date Exercise price warrants Estimated interest (number 2024(DKK per share) (DKK per share) end of period volatility (%)* (%) of years) Granted April 2023 6.45 6.45 450,000 25.3% 2.60% 1.30 Granted Febru-ary 2024 7.24 7.24 1.299,999 30.0% 2.46% 2.30 * The expected volatility is calculated based on the historic adjusted volatility during the past year until the grant of the warrant programs. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Expensed share-based payment related to equity instruments 1,340 605 1,340 605 \u25cf Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. ",
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"f0__s9__7__56-1": {
"value": "NOTE 4 Staff expenses and remunerationGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Staff expenses Salary and wages 1,017,693 944,367 324,104 277,783 Other social security costs 138,361 130,749 2,603 2,261 Other staff expenses 38,896 27,099 11,015 2,670 Share-based payment 1,340 605 1,340 605 Total staff expenses 1,196,290 1,102,820 339,062 283,319 Average number of FTEs 1,587 1,568 339 308The key management in the Group are remunerated as follows: Executive Board of Total Executive Other senior DKK \u00b4000Board Directors Management employees 2024Salary and wages 11,820 1,163 12,983 18,913 Share-based payment 1,340 0 1,340 0 13,160 1,163 14,323 18,913 2023 Salary and wages 8,795 1,163 9,958 17,382 Share-based payment 605 0 605 0 9,400 1,163 10,563 17,382 Other senior employees are defined as those employees involved in management of the parent company, as well as the Managing Directors of the parent company's subsidiaries. The remuneration to other senior employees is DKK 1.5m higher than 2023 due to three new senior employees who joined dur-ing 2024, as well as a general increase in salaries. The Executive Board and a number of senior employees in the Parent Company as well as the Group are subject to special bonuses depending on individually defined performance tar-gets. The arrangements are unchanged compared to last year. Incentive schemes Columbus only grants warrant programs to key management as part of remuneration and retention of the employee. In April 2023 Columbus established a warrant program for sen-ior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2026. At the grant date the fair value of the warrants was DKK 589,500. The exercise periods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contin-gent on employment in the Company. In February 2024 Columbus established a warrant program for senior executives. The program, which can only be exercised by purchasing the shares in question, grants the right to subscribe a number of shares in the parent company at a price agreed in advance. The vesting period corresponds to the fiscal year with the final grant on 31 December 2027. On the grant date the fair value of the warrants was DKK 1,923,999. The exercise pe-riods are scheduled for the first 14 days after publication of the Company\u2019s Annual Report. Warrants not exercised within the last exercise period will be lost. The warrant program is contingent on employment in the Company. Changes in the capital in Columbus, distribution of dividend or change of control do not result in any adjustment of the num-ber of warrants or the exercise price. The development in outstanding warrants can be specified as follows: Number of warrants Avg. exercise rate per warrant 2024 2023 2024 2023 Outstanding 1 January 1,749,999 2,817,499 9.56 9.75 Granted during the period 1,299,999 450,000 7.24 6.45 Expired during the period -1,299,999 -1,517,500 10.63 8.99 Outstanding end of period 1,749,999 1,749,999 7.04 9.56 Number of warrants which can be exercised at balance sheet date150,000 966,666 Weighted average contractual life (years) 3.04 1.81 Weighted average exercise rate 6.45 10.63 The incentive scheme is based on Black & Scholes' calculations for the estimated market value at the time of allocation. The assessment is based on the following assumptions: Warrants Share price Number of Risk free Expiry December at grant date Exercise price warrants Estimated interest (number 2024(DKK per share) (DKK per share) end of period volatility (%)* (%) of years) Granted April 2023 6.45 6.45 450,000 25.3% 2.60% 1.30 Granted Febru-ary 2024 7.24 7.24 1.299,999 30.0% 2.46% 2.30 * The expected volatility is calculated based on the historic adjusted volatility during the past year until the grant of the warrant programs. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Expensed share-based payment related to equity instruments 1,340 605 1,340 605 \u25cf Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. ",
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}
},
"f0__s9__7__62": {
"value": "Average number of FTEs 1,587 1,568 339 308",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__67": {
"value": "Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__66": {
"value": "Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__65": {
"value": "Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__64": {
"value": "Accounting policies Wages and salaries, social security contributions, leave and sick leave, bonuses and non-monetary benefits are recognised in the financial year in which services are rendered by employees of Columbus. Termination benefits are recognised at the time an agreement between Columbus and the employee is made and no future service is rendered by the employee in exchange for the benefits. Share option schemes Equity-settled share options are measured at fair value at grant date and recognized in the income statement under share-based payment over the period in which the final right of the options vest. The balancing item is recognized directly in equity. On initial recognition of share options, the number of options expected to vest at expiry is estimated. Subsequently re-vised for changes in the estimated number of vested options, so that the total recognition is based on the actual number of vested options. The fair value of the options granted is estimated using the Black-Scholes model with the parameters stated in the Note. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__69": {
"value": "NOTE 5 Depreciation, amortization and impairmentGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Depreciation 39,495 35,324 7,109 7,404 Amortization 22,597 22,122 14,272 13,751 Impairment 18,777 0 18,777 0 Total depreciation, amortization and impairment 80,869 57,446 40,158 21,155",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__73": {
"value": "NOTE 6 Other operating income/expenses Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Redundancy cost -9,083 0 0 0 Unachieved earn-out 16,777 3,104 16,777 3,104 Legal cases 22,057 0 -5,774 0 Central cost allocation Columbus Group 0 0 52,297 54,329 Other 0 370 0 0 Total other operating income 29,751 3,474 63,300 57,433 Other operating income and expenses is for the parent com-pany primarily related to enabling functions fee and lesser part of adjustment of unearned earn out and legal cost reversal from the M3CS legal case in Sweden. For the Group, the redun-dancy cost is associated with the performance exercise con-ducted in Q2 2024. The expensed redundancy costs consist of employee termination costs primarily from the Business Lines Digital Commerce and Security. \u25cf Accounting policies Other operating income and expenses include income and expenses of a secondary nature to the Group\u2019s primary activi-ties, including adjustments of contingent liabilities related to acquisitions, gains and losses on disposal of intangible and tan-gible assets. Gains and losses on disposal of intangible and tan-gible assets are calculated as the selling price less selling costs and the carrying amount at the time of sale.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__72": {
"value": "NOTE 6 Other operating income/expenses Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Redundancy cost -9,083 0 0 0 Unachieved earn-out 16,777 3,104 16,777 3,104 Legal cases 22,057 0 -5,774 0 Central cost allocation Columbus Group 0 0 52,297 54,329 Other 0 370 0 0 Total other operating income 29,751 3,474 63,300 57,433 Other operating income and expenses is for the parent com-pany primarily related to enabling functions fee and lesser part of adjustment of unearned earn out and legal cost reversal from the M3CS legal case in Sweden. For the Group, the redun-dancy cost is associated with the performance exercise con-ducted in Q2 2024. The expensed redundancy costs consist of employee termination costs primarily from the Business Lines Digital Commerce and Security. \u25cf Accounting policies Other operating income and expenses include income and expenses of a secondary nature to the Group\u2019s primary activi-ties, including adjustments of contingent liabilities related to acquisitions, gains and losses on disposal of intangible and tan-gible assets. Gains and losses on disposal of intangible and tan-gible assets are calculated as the selling price less selling costs and the carrying amount at the time of sale.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__71": {
"value": "NOTE 6 Other operating income/expenses Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Redundancy cost -9,083 0 0 0 Unachieved earn-out 16,777 3,104 16,777 3,104 Legal cases 22,057 0 -5,774 0 Central cost allocation Columbus Group 0 0 52,297 54,329 Other 0 370 0 0 Total other operating income 29,751 3,474 63,300 57,433 Other operating income and expenses is for the parent com-pany primarily related to enabling functions fee and lesser part of adjustment of unearned earn out and legal cost reversal from the M3CS legal case in Sweden. For the Group, the redun-dancy cost is associated with the performance exercise con-ducted in Q2 2024. The expensed redundancy costs consist of employee termination costs primarily from the Business Lines Digital Commerce and Security. \u25cf Accounting policies Other operating income and expenses include income and expenses of a secondary nature to the Group\u2019s primary activi-ties, including adjustments of contingent liabilities related to acquisitions, gains and losses on disposal of intangible and tan-gible assets. Gains and losses on disposal of intangible and tan-gible assets are calculated as the selling price less selling costs and the carrying amount at the time of sale.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__86": {
"value": "Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__85": {
"value": "Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__84": {
"value": "Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__83": {
"value": "Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__80": {
"value": "NOTE 7 Financial income and expensesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Financial income Interest income from subsidiaries 0 0 3,435 4,935 Interest income on bank deposits, etc. 2,819 2,358 2,538 1,821 Other financial income 255 460 319 397 Interest income on financial assets measured at amortised cost 3,074 2,818 6,292 7,153 Dividends from subsidiaries 0 0 36,310 16,204 Reversal of impairment 0 0 7,609 0 Foreign exchange gains (net) 176 0 0 3,370 Total financial income 3,250 2,818 50,211 26,727 Financial expenses Interests expense to subsidiaries 0 0 2,400 3,383 Interest expense on bank loans 8,913 8,539 8,911 8,535 Interest expense leases, Right-of-use-assets 8,329 3,205 1,642 685 Other financial expense 0 2,071 -108 2,052 Interest expense from financial liabilities that are measured at amortised cost17,242 13,815 12,845 14,655 Foreign exchange loss (net) 0 9,753 349 0 Total financial expenses 17,242 23,568 13,194 14,655 \u25cf Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__79": {
"value": "NOTE 7 Financial income and expensesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Financial income Interest income from subsidiaries 0 0 3,435 4,935 Interest income on bank deposits, etc. 2,819 2,358 2,538 1,821 Other financial income 255 460 319 397 Interest income on financial assets measured at amortised cost 3,074 2,818 6,292 7,153 Dividends from subsidiaries 0 0 36,310 16,204 Reversal of impairment 0 0 7,609 0 Foreign exchange gains (net) 176 0 0 3,370 Total financial income 3,250 2,818 50,211 26,727 Financial expenses Interests expense to subsidiaries 0 0 2,400 3,383 Interest expense on bank loans 8,913 8,539 8,911 8,535 Interest expense leases, Right-of-use-assets 8,329 3,205 1,642 685 Other financial expense 0 2,071 -108 2,052 Interest expense from financial liabilities that are measured at amortised cost17,242 13,815 12,845 14,655 Foreign exchange loss (net) 0 9,753 349 0 Total financial expenses 17,242 23,568 13,194 14,655 \u25cf Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__78": {
"value": "NOTE 7 Financial income and expensesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Financial income Interest income from subsidiaries 0 0 3,435 4,935 Interest income on bank deposits, etc. 2,819 2,358 2,538 1,821 Other financial income 255 460 319 397 Interest income on financial assets measured at amortised cost 3,074 2,818 6,292 7,153 Dividends from subsidiaries 0 0 36,310 16,204 Reversal of impairment 0 0 7,609 0 Foreign exchange gains (net) 176 0 0 3,370 Total financial income 3,250 2,818 50,211 26,727 Financial expenses Interests expense to subsidiaries 0 0 2,400 3,383 Interest expense on bank loans 8,913 8,539 8,911 8,535 Interest expense leases, Right-of-use-assets 8,329 3,205 1,642 685 Other financial expense 0 2,071 -108 2,052 Interest expense from financial liabilities that are measured at amortised cost17,242 13,815 12,845 14,655 Foreign exchange loss (net) 0 9,753 349 0 Total financial expenses 17,242 23,568 13,194 14,655 \u25cf Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__77": {
"value": "NOTE 7 Financial income and expensesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Financial income Interest income from subsidiaries 0 0 3,435 4,935 Interest income on bank deposits, etc. 2,819 2,358 2,538 1,821 Other financial income 255 460 319 397 Interest income on financial assets measured at amortised cost 3,074 2,818 6,292 7,153 Dividends from subsidiaries 0 0 36,310 16,204 Reversal of impairment 0 0 7,609 0 Foreign exchange gains (net) 176 0 0 3,370 Total financial income 3,250 2,818 50,211 26,727 Financial expenses Interests expense to subsidiaries 0 0 2,400 3,383 Interest expense on bank loans 8,913 8,539 8,911 8,535 Interest expense leases, Right-of-use-assets 8,329 3,205 1,642 685 Other financial expense 0 2,071 -108 2,052 Interest expense from financial liabilities that are measured at amortised cost17,242 13,815 12,845 14,655 Foreign exchange loss (net) 0 9,753 349 0 Total financial expenses 17,242 23,568 13,194 14,655 \u25cf Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__76": {
"value": "NOTE 7 Financial income and expensesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Financial income Interest income from subsidiaries 0 0 3,435 4,935 Interest income on bank deposits, etc. 2,819 2,358 2,538 1,821 Other financial income 255 460 319 397 Interest income on financial assets measured at amortised cost 3,074 2,818 6,292 7,153 Dividends from subsidiaries 0 0 36,310 16,204 Reversal of impairment 0 0 7,609 0 Foreign exchange gains (net) 176 0 0 3,370 Total financial income 3,250 2,818 50,211 26,727 Financial expenses Interests expense to subsidiaries 0 0 2,400 3,383 Interest expense on bank loans 8,913 8,539 8,911 8,535 Interest expense leases, Right-of-use-assets 8,329 3,205 1,642 685 Other financial expense 0 2,071 -108 2,052 Interest expense from financial liabilities that are measured at amortised cost17,242 13,815 12,845 14,655 Foreign exchange loss (net) 0 9,753 349 0 Total financial expenses 17,242 23,568 13,194 14,655 \u25cf Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__75": {
"value": "NOTE 7 Financial income and expensesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Financial income Interest income from subsidiaries 0 0 3,435 4,935 Interest income on bank deposits, etc. 2,819 2,358 2,538 1,821 Other financial income 255 460 319 397 Interest income on financial assets measured at amortised cost 3,074 2,818 6,292 7,153 Dividends from subsidiaries 0 0 36,310 16,204 Reversal of impairment 0 0 7,609 0 Foreign exchange gains (net) 176 0 0 3,370 Total financial income 3,250 2,818 50,211 26,727 Financial expenses Interests expense to subsidiaries 0 0 2,400 3,383 Interest expense on bank loans 8,913 8,539 8,911 8,535 Interest expense leases, Right-of-use-assets 8,329 3,205 1,642 685 Other financial expense 0 2,071 -108 2,052 Interest expense from financial liabilities that are measured at amortised cost17,242 13,815 12,845 14,655 Foreign exchange loss (net) 0 9,753 349 0 Total financial expenses 17,242 23,568 13,194 14,655 \u25cf Accounting policies Transactions in currencies other than the Group's functional currency are translated initially at the transaction date. Receiv-ables and payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated at the closing rate. Gains and losses arising from the difference between the exchange and the transaction date are recognized in the statement of compre-hensive income as financial items. Tangible and intangible as-sets, inventories and other non-monetary assets acquired in foreign currency and measured at historical cost are translated at the transaction date. Non-monetary items revalued at fair value are translated using the exchange rate at the date of re-valuation. Simple forward contracts are measured at fair value and recognized in other receivables or other payables. Gain and losses arising from the forward contracts are recognized in the statement of comprehensive income as financial items. Translation of foreign subsidiaries On recognition in the consolidated financial statements of for-eign subsidiaries with a functional currency other than Danish kroner (DKK), income statements are translated at average ex-change rates for the months unless these deviate significantly from the actual exchange rates at the transaction dates. In the latter case, the actual exchange rates are used. Balance sheet items are translated at the closing exchange rates. Goodwill is considered to belong to the acquired entity and is translated at the closing rate. Foreign exchange differences arising from the translation of foreign company balance sheet items at the beginning of the closing exchange rates, and on translation of foreign entities' income statements from average rates to closing rates are rec-ognized in other comprehensive income. Similarly, exchange differences arising as a result of changes made directly in the foreign enterprise's equity, are also recognized in other com-prehensive income. Adjustment of receivables or debt to sub-sidiaries which are considered part of the Parent Company's overall investment in the subsidiary in question are recognized in other comprehensive income in the consolidated financial statements, whereas they are recognized in the statement of comprehensive income of the Parent Company. Financial items Financial items include interest income and expenses, the inter-est portion of lease payments, gains and losses on foreign cur-rency transactions and surcharges and allowances under the account tax scheme.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__89": {
"value": "NOTE 8 Corporate taxGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Tax on result for the year Current tax 17,443 7,097 515 0 Change in deferred tax -26,271 285 -3,520 5,195 Withholding tax 1,193 586 1,193 414 Adjustment to previous years 7,645 7,608 -884 856 Total tax on result for the year 10 15,576 -2,696 6,465 Tax on result for the year explained as follows Calculated 22% on pre-tax earnings on continuing operations 12,718 8,654 8,845 8,598 Tax effect of: Adjustment to tax concerning previous years 7,645 7,608 -884 856 Writedown of tax asset 7,802 0 0 0 Adjustment to tax rates in foreign subsidiaries relative to 22% 1,573 -262 0 0 Non-capitalized tax value of losses 0 539 0 0 Withholding tax 1,193 586 1,193 414 Not taxable income -2,555 -262 -12,110 -3,827 Not taxable expenses 438 289 4,455 136 Capitalized tax value, current year -26,447 856 -4,316 0 Other adjustments -2,357 -2,432 121 288 Total tax on result for the year 10 15,576 -2,696 6,465 Effective tax rate (%) 0.02 39.60 -6.71 16.54 The effective tax rate in 2024 is low due to the yearly evalua-tion of recognition of deferred tax assets in Sweden and US. In 2024 we merged all Swedish entities into Columbus Sweden. During this process tax losses from previous periods were reevaluated and has subsequently been recognised, following strong results in Sweden. The US entity has generated results in 2024 showcasing the need to recognize deferred tax. The high effective tax rate in 2023 is mainly due to an adjustment from previous years. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Corporate tax receivable (net)Balance at 1 January 201 828 0 0 Currency adjustment -119 23 0 0 Adjustment to previous years -3,158 0 0 0 Current tax for the year -17,443 -7,097 -515 0 Tax paid on account for the year 9,250 5,144 0 0 Corporate tax paid during the year 862 1,349 0 0 Additions from business combinations 0 -46 0 0 Balance at 31 December -10,407 201 -515 0 Corporate tax receivable 247 2,049 0 0 Corporate tax payable -10,654 -1,848 -515 0 Balance at 31 December -10,407 201 -515 0 Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Deferred tax assets/liabilities (net)Balance at 1 January 16,969 25,788 -4,168 1,883 Deferred tax assets / liabilities 1 January 16,969 25,788 -4,168 1,883 Currency adjustments -1,675 -886 0 0 Adjustment to previous years -4,487 -7,608 884 -856 Additions from business combinations -1,596 -40 0 0 This year's change in deferred tax 26,271 -285 3,520 -5,195 Balance at 31 December 35,482 16,969 236 -4,168 Deferred tax assets / liabilities relate toIntangible assets -11,429 -14,710 -5,742 -7,002 Tangible assets 1,898 2,680 2,122 1,871 Current assets -2,731 2,128 -2,704 -2,478 Loss carry forward 47,744 26,871 6,560 3,441 Balance at 31 December 35,482 16,969 236 -4,168 Based on the management\u2019s assessment of future income, short-term tax assets are expected to be DKK 10m and the re-maining tax assets are expected to be utilized within a 3-5-year period. The capitalized loss carry forward primarily relates to the sub-sidiaries in Sweden, US and Denmark. The Swedish deferred tax asset primarily originates from before the acquisition of iStone in 2018 and is now being recovered by the ordinary operations. The US subsidiary has seen significant growth in recent years. It is now projected that within a few years, the market will generate substantial surpluses, enabling companies to utilize losses from previous years. The Group\u2019s non-capitalized tax assets amount to DKK 27m (2023: DKK 32m). \u25cf Accounting policies Income tax for the year, comprising current tax and movements in deferred tax, is recognized in the statement of comprehen-sive income by the portion attributable to the profit and directly in equity or in other comprehensive income to the extent that it relates to items recognized directly in equity and in other com-prehensive income. Exchange adjustments of deferred tax is recognized as part of the adjustment of deferred tax. Current tax liabilities and receivables are recognized in the bal-ance sheet as estimated tax on the taxable income, adjusted for prepaid tax. When calculating the current tax, the applicable tax rates and rules on the balance sheet date is used. Deferred tax is recognized using the balance sheet liability method on all temporary differences between accounting and tax values of assets and liabilities. Deferred income tax is pro-vided on temporary differences arising on investments in sub-sidiaries and associates, unless the parent is able to control when the deferred tax is realized, and it is probable that the de-ferred tax will not crystalize as current tax in the foreseeable fu-ture. Deferred tax is calculated based on the expected recovery of each asset and settlement of each liability. Deferred tax is measured based on the tax rules and rates in the respective countries, based on enacted or substantively en-acted laws at the balance sheet dates that are expected to ap-ply when the deferred tax is expected to crystallize as current tax. Changes in deferred tax due to changes in tax rates or rules are recognized in the statement of comprehensive income un-less the deferred tax is attributable to transactions previously recognized directly in equity or in other comprehensive income. In the latter case, the change is also recognized in equity, re-spectively, in other comprehensive income. Deferred tax assets, including the tax value of tax loss carry for-wards, are recognized at the value at which they are expected to be realized, either as net assets to offset against future taxa-ble income or against deferred tax liabilities in the same legal tax entity and jurisdiction. It is assessed at each reporting date whether it is likely that in the future there will be sufficient taxa-ble profits against which the deferred tax asset can be utilized. The Parent Company and its Danish subsidiaries are part of a mandatory Danish joint taxation with all Danish companies con-trolled by Consolidated Holdings A/S. The calculated Danish tax on the joint taxable income is distributed among the jointly taxed companies in proportion to their taxable income (full allo-cation with credit for tax losses).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__88": {
"value": "NOTE 8 Corporate taxGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Tax on result for the year Current tax 17,443 7,097 515 0 Change in deferred tax -26,271 285 -3,520 5,195 Withholding tax 1,193 586 1,193 414 Adjustment to previous years 7,645 7,608 -884 856 Total tax on result for the year 10 15,576 -2,696 6,465 Tax on result for the year explained as follows Calculated 22% on pre-tax earnings on continuing operations 12,718 8,654 8,845 8,598 Tax effect of: Adjustment to tax concerning previous years 7,645 7,608 -884 856 Writedown of tax asset 7,802 0 0 0 Adjustment to tax rates in foreign subsidiaries relative to 22% 1,573 -262 0 0 Non-capitalized tax value of losses 0 539 0 0 Withholding tax 1,193 586 1,193 414 Not taxable income -2,555 -262 -12,110 -3,827 Not taxable expenses 438 289 4,455 136 Capitalized tax value, current year -26,447 856 -4,316 0 Other adjustments -2,357 -2,432 121 288 Total tax on result for the year 10 15,576 -2,696 6,465 Effective tax rate (%) 0.02 39.60 -6.71 16.54 The effective tax rate in 2024 is low due to the yearly evalua-tion of recognition of deferred tax assets in Sweden and US. In 2024 we merged all Swedish entities into Columbus Sweden. During this process tax losses from previous periods were reevaluated and has subsequently been recognised, following strong results in Sweden. The US entity has generated results in 2024 showcasing the need to recognize deferred tax. The high effective tax rate in 2023 is mainly due to an adjustment from previous years. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Corporate tax receivable (net)Balance at 1 January 201 828 0 0 Currency adjustment -119 23 0 0 Adjustment to previous years -3,158 0 0 0 Current tax for the year -17,443 -7,097 -515 0 Tax paid on account for the year 9,250 5,144 0 0 Corporate tax paid during the year 862 1,349 0 0 Additions from business combinations 0 -46 0 0 Balance at 31 December -10,407 201 -515 0 Corporate tax receivable 247 2,049 0 0 Corporate tax payable -10,654 -1,848 -515 0 Balance at 31 December -10,407 201 -515 0 Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Deferred tax assets/liabilities (net)Balance at 1 January 16,969 25,788 -4,168 1,883 Deferred tax assets / liabilities 1 January 16,969 25,788 -4,168 1,883 Currency adjustments -1,675 -886 0 0 Adjustment to previous years -4,487 -7,608 884 -856 Additions from business combinations -1,596 -40 0 0 This year's change in deferred tax 26,271 -285 3,520 -5,195 Balance at 31 December 35,482 16,969 236 -4,168 Deferred tax assets / liabilities relate toIntangible assets -11,429 -14,710 -5,742 -7,002 Tangible assets 1,898 2,680 2,122 1,871 Current assets -2,731 2,128 -2,704 -2,478 Loss carry forward 47,744 26,871 6,560 3,441 Balance at 31 December 35,482 16,969 236 -4,168 Based on the management\u2019s assessment of future income, short-term tax assets are expected to be DKK 10m and the re-maining tax assets are expected to be utilized within a 3-5-year period. The capitalized loss carry forward primarily relates to the sub-sidiaries in Sweden, US and Denmark. The Swedish deferred tax asset primarily originates from before the acquisition of iStone in 2018 and is now being recovered by the ordinary operations. The US subsidiary has seen significant growth in recent years. It is now projected that within a few years, the market will generate substantial surpluses, enabling companies to utilize losses from previous years. The Group\u2019s non-capitalized tax assets amount to DKK 27m (2023: DKK 32m). \u25cf Accounting policies Income tax for the year, comprising current tax and movements in deferred tax, is recognized in the statement of comprehen-sive income by the portion attributable to the profit and directly in equity or in other comprehensive income to the extent that it relates to items recognized directly in equity and in other com-prehensive income. Exchange adjustments of deferred tax is recognized as part of the adjustment of deferred tax. Current tax liabilities and receivables are recognized in the bal-ance sheet as estimated tax on the taxable income, adjusted for prepaid tax. When calculating the current tax, the applicable tax rates and rules on the balance sheet date is used. Deferred tax is recognized using the balance sheet liability method on all temporary differences between accounting and tax values of assets and liabilities. Deferred income tax is pro-vided on temporary differences arising on investments in sub-sidiaries and associates, unless the parent is able to control when the deferred tax is realized, and it is probable that the de-ferred tax will not crystalize as current tax in the foreseeable fu-ture. Deferred tax is calculated based on the expected recovery of each asset and settlement of each liability. Deferred tax is measured based on the tax rules and rates in the respective countries, based on enacted or substantively en-acted laws at the balance sheet dates that are expected to ap-ply when the deferred tax is expected to crystallize as current tax. Changes in deferred tax due to changes in tax rates or rules are recognized in the statement of comprehensive income un-less the deferred tax is attributable to transactions previously recognized directly in equity or in other comprehensive income. In the latter case, the change is also recognized in equity, re-spectively, in other comprehensive income. Deferred tax assets, including the tax value of tax loss carry for-wards, are recognized at the value at which they are expected to be realized, either as net assets to offset against future taxa-ble income or against deferred tax liabilities in the same legal tax entity and jurisdiction. It is assessed at each reporting date whether it is likely that in the future there will be sufficient taxa-ble profits against which the deferred tax asset can be utilized. The Parent Company and its Danish subsidiaries are part of a mandatory Danish joint taxation with all Danish companies con-trolled by Consolidated Holdings A/S. The calculated Danish tax on the joint taxable income is distributed among the jointly taxed companies in proportion to their taxable income (full allo-cation with credit for tax losses).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__87": {
"value": "NOTE 8 Corporate taxGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Tax on result for the year Current tax 17,443 7,097 515 0 Change in deferred tax -26,271 285 -3,520 5,195 Withholding tax 1,193 586 1,193 414 Adjustment to previous years 7,645 7,608 -884 856 Total tax on result for the year 10 15,576 -2,696 6,465 Tax on result for the year explained as follows Calculated 22% on pre-tax earnings on continuing operations 12,718 8,654 8,845 8,598 Tax effect of: Adjustment to tax concerning previous years 7,645 7,608 -884 856 Writedown of tax asset 7,802 0 0 0 Adjustment to tax rates in foreign subsidiaries relative to 22% 1,573 -262 0 0 Non-capitalized tax value of losses 0 539 0 0 Withholding tax 1,193 586 1,193 414 Not taxable income -2,555 -262 -12,110 -3,827 Not taxable expenses 438 289 4,455 136 Capitalized tax value, current year -26,447 856 -4,316 0 Other adjustments -2,357 -2,432 121 288 Total tax on result for the year 10 15,576 -2,696 6,465 Effective tax rate (%) 0.02 39.60 -6.71 16.54 The effective tax rate in 2024 is low due to the yearly evalua-tion of recognition of deferred tax assets in Sweden and US. In 2024 we merged all Swedish entities into Columbus Sweden. During this process tax losses from previous periods were reevaluated and has subsequently been recognised, following strong results in Sweden. The US entity has generated results in 2024 showcasing the need to recognize deferred tax. The high effective tax rate in 2023 is mainly due to an adjustment from previous years. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Corporate tax receivable (net)Balance at 1 January 201 828 0 0 Currency adjustment -119 23 0 0 Adjustment to previous years -3,158 0 0 0 Current tax for the year -17,443 -7,097 -515 0 Tax paid on account for the year 9,250 5,144 0 0 Corporate tax paid during the year 862 1,349 0 0 Additions from business combinations 0 -46 0 0 Balance at 31 December -10,407 201 -515 0 Corporate tax receivable 247 2,049 0 0 Corporate tax payable -10,654 -1,848 -515 0 Balance at 31 December -10,407 201 -515 0 Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Deferred tax assets/liabilities (net)Balance at 1 January 16,969 25,788 -4,168 1,883 Deferred tax assets / liabilities 1 January 16,969 25,788 -4,168 1,883 Currency adjustments -1,675 -886 0 0 Adjustment to previous years -4,487 -7,608 884 -856 Additions from business combinations -1,596 -40 0 0 This year's change in deferred tax 26,271 -285 3,520 -5,195 Balance at 31 December 35,482 16,969 236 -4,168 Deferred tax assets / liabilities relate toIntangible assets -11,429 -14,710 -5,742 -7,002 Tangible assets 1,898 2,680 2,122 1,871 Current assets -2,731 2,128 -2,704 -2,478 Loss carry forward 47,744 26,871 6,560 3,441 Balance at 31 December 35,482 16,969 236 -4,168 Based on the management\u2019s assessment of future income, short-term tax assets are expected to be DKK 10m and the re-maining tax assets are expected to be utilized within a 3-5-year period. The capitalized loss carry forward primarily relates to the sub-sidiaries in Sweden, US and Denmark. The Swedish deferred tax asset primarily originates from before the acquisition of iStone in 2018 and is now being recovered by the ordinary operations. The US subsidiary has seen significant growth in recent years. It is now projected that within a few years, the market will generate substantial surpluses, enabling companies to utilize losses from previous years. The Group\u2019s non-capitalized tax assets amount to DKK 27m (2023: DKK 32m). \u25cf Accounting policies Income tax for the year, comprising current tax and movements in deferred tax, is recognized in the statement of comprehen-sive income by the portion attributable to the profit and directly in equity or in other comprehensive income to the extent that it relates to items recognized directly in equity and in other com-prehensive income. Exchange adjustments of deferred tax is recognized as part of the adjustment of deferred tax. Current tax liabilities and receivables are recognized in the bal-ance sheet as estimated tax on the taxable income, adjusted for prepaid tax. When calculating the current tax, the applicable tax rates and rules on the balance sheet date is used. Deferred tax is recognized using the balance sheet liability method on all temporary differences between accounting and tax values of assets and liabilities. Deferred income tax is pro-vided on temporary differences arising on investments in sub-sidiaries and associates, unless the parent is able to control when the deferred tax is realized, and it is probable that the de-ferred tax will not crystalize as current tax in the foreseeable fu-ture. Deferred tax is calculated based on the expected recovery of each asset and settlement of each liability. Deferred tax is measured based on the tax rules and rates in the respective countries, based on enacted or substantively en-acted laws at the balance sheet dates that are expected to ap-ply when the deferred tax is expected to crystallize as current tax. Changes in deferred tax due to changes in tax rates or rules are recognized in the statement of comprehensive income un-less the deferred tax is attributable to transactions previously recognized directly in equity or in other comprehensive income. In the latter case, the change is also recognized in equity, re-spectively, in other comprehensive income. Deferred tax assets, including the tax value of tax loss carry for-wards, are recognized at the value at which they are expected to be realized, either as net assets to offset against future taxa-ble income or against deferred tax liabilities in the same legal tax entity and jurisdiction. It is assessed at each reporting date whether it is likely that in the future there will be sufficient taxa-ble profits against which the deferred tax asset can be utilized. The Parent Company and its Danish subsidiaries are part of a mandatory Danish joint taxation with all Danish companies con-trolled by Consolidated Holdings A/S. The calculated Danish tax on the joint taxable income is distributed among the jointly taxed companies in proportion to their taxable income (full allo-cation with credit for tax losses).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__93": {
"value": "Accounting policies Income tax for the year, comprising current tax and movements in deferred tax, is recognized in the statement of comprehen-sive income by the portion attributable to the profit and directly in equity or in other comprehensive income to the extent that it relates to items recognized directly in equity and in other com-prehensive income. Exchange adjustments of deferred tax is recognized as part of the adjustment of deferred tax. Current tax liabilities and receivables are recognized in the bal-ance sheet as estimated tax on the taxable income, adjusted for prepaid tax. When calculating the current tax, the applicable tax rates and rules on the balance sheet date is used. Deferred tax is recognized using the balance sheet liability method on all temporary differences between accounting and tax values of assets and liabilities. Deferred income tax is pro-vided on temporary differences arising on investments in sub-sidiaries and associates, unless the parent is able to control when the deferred tax is realized, and it is probable that the de-ferred tax will not crystalize as current tax in the foreseeable fu-ture. Deferred tax is calculated based on the expected recovery of each asset and settlement of each liability. Deferred tax is measured based on the tax rules and rates in the respective countries, based on enacted or substantively en-acted laws at the balance sheet dates that are expected to ap-ply when the deferred tax is expected to crystallize as current tax. Changes in deferred tax due to changes in tax rates or rules are recognized in the statement of comprehensive income un-less the deferred tax is attributable to transactions previously recognized directly in equity or in other comprehensive income. In the latter case, the change is also recognized in equity, re-spectively, in other comprehensive income. Deferred tax assets, including the tax value of tax loss carry for-wards, are recognized at the value at which they are expected to be realized, either as net assets to offset against future taxa-ble income or against deferred tax liabilities in the same legal tax entity and jurisdiction. It is assessed at each reporting date whether it is likely that in the future there will be sufficient taxa-ble profits against which the deferred tax asset can be utilized. The Parent Company and its Danish subsidiaries are part of a mandatory Danish joint taxation with all Danish companies con-trolled by Consolidated Holdings A/S. The calculated Danish tax on the joint taxable income is distributed among the jointly taxed companies in proportion to their taxable income (full allo-cation with credit for tax losses).",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__92": {
"value": "Accounting policies Income tax for the year, comprising current tax and movements in deferred tax, is recognized in the statement of comprehen-sive income by the portion attributable to the profit and directly in equity or in other comprehensive income to the extent that it relates to items recognized directly in equity and in other com-prehensive income. Exchange adjustments of deferred tax is recognized as part of the adjustment of deferred tax. Current tax liabilities and receivables are recognized in the bal-ance sheet as estimated tax on the taxable income, adjusted for prepaid tax. When calculating the current tax, the applicable tax rates and rules on the balance sheet date is used. Deferred tax is recognized using the balance sheet liability method on all temporary differences between accounting and tax values of assets and liabilities. Deferred income tax is pro-vided on temporary differences arising on investments in sub-sidiaries and associates, unless the parent is able to control when the deferred tax is realized, and it is probable that the de-ferred tax will not crystalize as current tax in the foreseeable fu-ture. Deferred tax is calculated based on the expected recovery of each asset and settlement of each liability. Deferred tax is measured based on the tax rules and rates in the respective countries, based on enacted or substantively en-acted laws at the balance sheet dates that are expected to ap-ply when the deferred tax is expected to crystallize as current tax. Changes in deferred tax due to changes in tax rates or rules are recognized in the statement of comprehensive income un-less the deferred tax is attributable to transactions previously recognized directly in equity or in other comprehensive income. In the latter case, the change is also recognized in equity, re-spectively, in other comprehensive income. Deferred tax assets, including the tax value of tax loss carry for-wards, are recognized at the value at which they are expected to be realized, either as net assets to offset against future taxa-ble income or against deferred tax liabilities in the same legal tax entity and jurisdiction. It is assessed at each reporting date whether it is likely that in the future there will be sufficient taxa-ble profits against which the deferred tax asset can be utilized. The Parent Company and its Danish subsidiaries are part of a mandatory Danish joint taxation with all Danish companies con-trolled by Consolidated Holdings A/S. The calculated Danish tax on the joint taxable income is distributed among the jointly taxed companies in proportion to their taxable income (full allo-cation with credit for tax losses).",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__91": {
"value": "Accounting policies Income tax for the year, comprising current tax and movements in deferred tax, is recognized in the statement of comprehen-sive income by the portion attributable to the profit and directly in equity or in other comprehensive income to the extent that it relates to items recognized directly in equity and in other com-prehensive income. Exchange adjustments of deferred tax is recognized as part of the adjustment of deferred tax. Current tax liabilities and receivables are recognized in the bal-ance sheet as estimated tax on the taxable income, adjusted for prepaid tax. When calculating the current tax, the applicable tax rates and rules on the balance sheet date is used. Deferred tax is recognized using the balance sheet liability method on all temporary differences between accounting and tax values of assets and liabilities. Deferred income tax is pro-vided on temporary differences arising on investments in sub-sidiaries and associates, unless the parent is able to control when the deferred tax is realized, and it is probable that the de-ferred tax will not crystalize as current tax in the foreseeable fu-ture. Deferred tax is calculated based on the expected recovery of each asset and settlement of each liability. Deferred tax is measured based on the tax rules and rates in the respective countries, based on enacted or substantively en-acted laws at the balance sheet dates that are expected to ap-ply when the deferred tax is expected to crystallize as current tax. Changes in deferred tax due to changes in tax rates or rules are recognized in the statement of comprehensive income un-less the deferred tax is attributable to transactions previously recognized directly in equity or in other comprehensive income. In the latter case, the change is also recognized in equity, re-spectively, in other comprehensive income. Deferred tax assets, including the tax value of tax loss carry for-wards, are recognized at the value at which they are expected to be realized, either as net assets to offset against future taxa-ble income or against deferred tax liabilities in the same legal tax entity and jurisdiction. It is assessed at each reporting date whether it is likely that in the future there will be sufficient taxa-ble profits against which the deferred tax asset can be utilized. The Parent Company and its Danish subsidiaries are part of a mandatory Danish joint taxation with all Danish companies con-trolled by Consolidated Holdings A/S. The calculated Danish tax on the joint taxable income is distributed among the jointly taxed companies in proportion to their taxable income (full allo-cation with credit for tax losses).",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__94": {
"value": "NOTE 9 Earnings per shareThe calculation of earnings per share is based on the following: DKK \u00b4000 2024 2023 Result for the year from continuing operations 57,799 23,762 Result used for calculating earnings per share from continuing operations, diluted 57,799 23,762 Result for the year from discontinued operations -3,418 3,127 Result used for calculating earnings per share, diluted 54,381 26,889 Average number of shares listed on NASDAQ Copenhagen (pcs.) 129,276,264 129,276,264 Number of shares used to calculate earnings per share (pcs.) 129,276,264 129,276,264 Average dilutive effect on outstanding subscription rights (pcs.) 414,587 9,807 Number of shares used to calculate earnings per share, diluted (pcs.) 129,690,851 129,286,071 Earnings per share from continuing operations of DKK 1.25 (EPS) 0.45 0.18 Earnings per share from continuing operations of DKK 1.25, diluted (EPS-D) 0.45 0.18 Earnings per share from discontinued operations of DKK 1.25 (EPS) -0.03 0.02 Earnings per share from discontinued operations of DKK 1.25, diluted (EPS-D) -0.03 0.02 Earnings per share of DKK 1.25 (EPS) 0.42 0.21 Earnings per share of DKK 1.25, diluted (EPS-D) 0.42 0.21",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__97": {
"value": "NOTE 10 Intangible assetsDevelop-Develop-ment Internal ment projects Customer applica-projects in pro-DKK \u00b4000 Goodwill base tions finalized gress Total Group 2024 Balance at 1 January 2024 805,395 45,897 80,331 22,593 0 954,216 Currency translation -4,204 -1,293 0 458 0 -5,039 Additions 0 0 850 0 1,355 2,205 Additions relating to acquisitions 8,996 7,033 0 0 0 16,029 Disposal for the year 0 0 0 -958 0 -958 Balance at 31 December 2024 810,187 51,637 81,181 22,093 1,355 966,453 Amortization at 1 January 2024 151,152 31,505 35,462 21,955 0 240,074 Currency translation 4,559 -1,280 0 442 0 3,721 Amortization 0 8,067 14,150 380 0 22,597 Impairment 18,777 0 0 0 0 18,777 Amortization/depreciation relating to acquisitions0 692 0 0 0 692 Reversal of amortization 0 0 0 -958 0 -958 Amortization at 31 December 2024 174,488 38,984 49,612 21,819 0 284,903 Carrying amount at 31 December 2024635,699 12,653 31,569 274 1,355 681,550 Except for goodwill, economic life of all intangible assets is expected to be finite. The addition on goodwill and customer base relates to the acquisition of Endless Gain Limited cf. note 21. The impairment of DKK 18.8m is related to the prior Security Business Line and is derived from the unsatisfactory perfor-mance in the first half of 2024, as well as the assumptions and basis on which it was originally acquired. Hence an impairment test has been performed, which resulted in a the write down to the recoverable amount (present value of expected future cash flows). Hereafter the Security Business Line has been merged with Business Line Dynamics as Security mostly serves Dynam-ics\u2019 customers. Hence the Goodwill amounting to DKK 32,7m, related to Security has been transferred to Dynamics. The addition on internal applications relates to update of a number of the groups internal IT systems. Develop-Internal ment Customer applica-projects DKK \u00b4000 Goodwill base tions finalized Total Group 2023Balance at 1 January 2023 757.109 64.080 73.237 23.613 918.039 Currency translation -3.277 -31 0 -210 -3.518 Additions 0 0 7.094 0 7.094 Additions relating to acquisitions 51.563 5.300 0 0 56.863 Disposal for the year 0 -23.452 0 -810 -24.262 Balance at 31 December 2023 805.395 45.897 80.331 22.593 954.216 Amortization at 1 January 2023 153.810 46.650 22.208 21.963 244.631 Currency translation -2.658 450 0 -209 -2.417 Amortization 0 7.857 13.254 1.011 22.122 Reversal of amortization 0 -23.452 0 -810 -24.262 Amortization at 31 December 2023 151.152 31.505 35.462 21.955 240.074 Carrying amount at 31 December 2023 654.243 14.392 44.869 638 714.142 Goodwill The carrying amount of goodwill is distributed on cash-generat-ing units as shown below: Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Business Line Dynamics 339,455 309,391 116,040 116,040 M3 153,442 157,173 4,600 4,600 Digital Commerce 114,133 107,296 692 692 Data & Analytics 16,143 16,140 10,025 10,025 Customer Experience & Engagement 6,850 6,921 83 83 Security 0 51,562 0 0 Other Local Business 5,676 5,760 216 216 Total goodwill 635,699 654,243 131,656 131,656 In 2023 Columbus has redefined its operating segments and concurrently changed the definition of cash-generating units to Business Lines. As a consequence of the redefined operating segments, the goodwill has been allocated to the Business Lines based on Revenue and EBTIDA. The above shown figures therefore have been adjusted with comparative figures. The management performs an impairment test of the carrying amount of goodwill, development projects and other non-cur-rent assets at least annually and more frequently if there are in-dicators of impairment. The annual impairment test is per-formed per 31 December 2024 (31 December 2023). The recoverable amount of goodwill related to the individual cash generating units is calculated based on the Discounted Cash Flows method (DCF). Future cash flows The recoverable amount of the individual cash-generating units to which the goodwill belongs is calculated based on the calcu-lations of value in use. The most significant uncertainties are connected to the determination of discount rates, growth rates and expected changes in costs in the budget and terminal peri-ods. Budget for the individual cash generating units is based on a bottom-up process. The key assumptions for the budget are ex-pected development in efficiency (number of chargeable hours compared to total hours) in the consultancy business and ex-pected revenue and gross profits from sale of software and general development in cost. The budget process takes place in October through November and takes into consideration the historical performance and current condition and performance of the cash generating unit in terms of pipeline, order book and current capacity in terms of consultants. The 3-year projection period is based on assumptions for the main revenue stream in Columbus i.e., Consultancy. For the two largest Business Lines which operates within ERP applications, comprising Dynamics an M3, growth rates are generally slightly more modest (8-10%), based on the mature business models. For our strategic Business Lines, comprising of Digital Com-merce, Data & Analytics and Customer Experience & Engage-ment, slightly higher growth rates are applied (8-20%), based on the historic higher growth rate and higher expectations for the future. In generating a terminal value, a conservative growth in revenue and cost of 2% is applied to all CGUs. With regards to staff cost a growth of 2% is expected in the 3-year interim period and 2% in generating the terminal value for all CGUs. Columbus is operating in a market where the development has low sensitivity to market development in general and to the de-velopment in general IT spending by companies. The manage-ment believes that likely changes in the key assumptions will not cause the carrying amount of goodwill to exceed the recov-erable amounts. Group management has performed a sensitiv-ity analysis of goodwill impairment tests to show the headroom between carrying amount and the recoverable amounts. The sensitivity analysis focuses on changes in free cash flow in ter-minal period with 5% and changes in discount rate with 1 per-centage point. The analysis did not identify any indication of im-pairment. Discount rate The determined discount factors reflect the market assessment of the time value of money in the countries where the cash gen-erating units operate expressed as a risk-free rate and the spe-cific risks associated with each cash-generating unit. The discount rate is determined on an \"after tax\" basis on the as-sessed Weighted Average Costs of Capital (WACC). The discount rate used to calculate the present value of ex-pected future cash flow is 10.0% pre-tax (2023: 11,4%). The discount rate has been determined based on the Capital Asset Pricing Model and comprise a risk-free interest rate, the market risk premium and a beta factor, covering systematic market risk and a company premium. The values for the risk-free interest rate, the market risk premium and the beta factor are deter-mined using external sources. The Group applies the same dis-count rates for all cash generating units, as the risk of the indi-vidual cash generating units are reflected in their estimated cash flow. Most important assumptions for the impairment test With the applied method for the annual impairment test, the growth rate applied in the terminal value and the WACC be-comes the most important assumptions for the net present value of the future cash flows. Overall, the impairment based on the above assumptions demonstrates that the present value of the future cash flows from the cash generating units exceeds the carrying amount of goodwill. The management has applied conservative growth rates for the projection period and for the period following the projection period developed for the purpose of the impairment test. \u25cf Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__96": {
"value": "NOTE 10 Intangible assetsDevelop-Develop-ment Internal ment projects Customer applica-projects in pro-DKK \u00b4000 Goodwill base tions finalized gress Total Group 2024 Balance at 1 January 2024 805,395 45,897 80,331 22,593 0 954,216 Currency translation -4,204 -1,293 0 458 0 -5,039 Additions 0 0 850 0 1,355 2,205 Additions relating to acquisitions 8,996 7,033 0 0 0 16,029 Disposal for the year 0 0 0 -958 0 -958 Balance at 31 December 2024 810,187 51,637 81,181 22,093 1,355 966,453 Amortization at 1 January 2024 151,152 31,505 35,462 21,955 0 240,074 Currency translation 4,559 -1,280 0 442 0 3,721 Amortization 0 8,067 14,150 380 0 22,597 Impairment 18,777 0 0 0 0 18,777 Amortization/depreciation relating to acquisitions0 692 0 0 0 692 Reversal of amortization 0 0 0 -958 0 -958 Amortization at 31 December 2024 174,488 38,984 49,612 21,819 0 284,903 Carrying amount at 31 December 2024635,699 12,653 31,569 274 1,355 681,550 Except for goodwill, economic life of all intangible assets is expected to be finite. The addition on goodwill and customer base relates to the acquisition of Endless Gain Limited cf. note 21. The impairment of DKK 18.8m is related to the prior Security Business Line and is derived from the unsatisfactory perfor-mance in the first half of 2024, as well as the assumptions and basis on which it was originally acquired. Hence an impairment test has been performed, which resulted in a the write down to the recoverable amount (present value of expected future cash flows). Hereafter the Security Business Line has been merged with Business Line Dynamics as Security mostly serves Dynam-ics\u2019 customers. Hence the Goodwill amounting to DKK 32,7m, related to Security has been transferred to Dynamics. The addition on internal applications relates to update of a number of the groups internal IT systems. Develop-Internal ment Customer applica-projects DKK \u00b4000 Goodwill base tions finalized Total Group 2023Balance at 1 January 2023 757.109 64.080 73.237 23.613 918.039 Currency translation -3.277 -31 0 -210 -3.518 Additions 0 0 7.094 0 7.094 Additions relating to acquisitions 51.563 5.300 0 0 56.863 Disposal for the year 0 -23.452 0 -810 -24.262 Balance at 31 December 2023 805.395 45.897 80.331 22.593 954.216 Amortization at 1 January 2023 153.810 46.650 22.208 21.963 244.631 Currency translation -2.658 450 0 -209 -2.417 Amortization 0 7.857 13.254 1.011 22.122 Reversal of amortization 0 -23.452 0 -810 -24.262 Amortization at 31 December 2023 151.152 31.505 35.462 21.955 240.074 Carrying amount at 31 December 2023 654.243 14.392 44.869 638 714.142 Goodwill The carrying amount of goodwill is distributed on cash-generat-ing units as shown below: Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Business Line Dynamics 339,455 309,391 116,040 116,040 M3 153,442 157,173 4,600 4,600 Digital Commerce 114,133 107,296 692 692 Data & Analytics 16,143 16,140 10,025 10,025 Customer Experience & Engagement 6,850 6,921 83 83 Security 0 51,562 0 0 Other Local Business 5,676 5,760 216 216 Total goodwill 635,699 654,243 131,656 131,656 In 2023 Columbus has redefined its operating segments and concurrently changed the definition of cash-generating units to Business Lines. As a consequence of the redefined operating segments, the goodwill has been allocated to the Business Lines based on Revenue and EBTIDA. The above shown figures therefore have been adjusted with comparative figures. The management performs an impairment test of the carrying amount of goodwill, development projects and other non-cur-rent assets at least annually and more frequently if there are in-dicators of impairment. The annual impairment test is per-formed per 31 December 2024 (31 December 2023). The recoverable amount of goodwill related to the individual cash generating units is calculated based on the Discounted Cash Flows method (DCF). Future cash flows The recoverable amount of the individual cash-generating units to which the goodwill belongs is calculated based on the calcu-lations of value in use. The most significant uncertainties are connected to the determination of discount rates, growth rates and expected changes in costs in the budget and terminal peri-ods. Budget for the individual cash generating units is based on a bottom-up process. The key assumptions for the budget are ex-pected development in efficiency (number of chargeable hours compared to total hours) in the consultancy business and ex-pected revenue and gross profits from sale of software and general development in cost. The budget process takes place in October through November and takes into consideration the historical performance and current condition and performance of the cash generating unit in terms of pipeline, order book and current capacity in terms of consultants. The 3-year projection period is based on assumptions for the main revenue stream in Columbus i.e., Consultancy. For the two largest Business Lines which operates within ERP applications, comprising Dynamics an M3, growth rates are generally slightly more modest (8-10%), based on the mature business models. For our strategic Business Lines, comprising of Digital Com-merce, Data & Analytics and Customer Experience & Engage-ment, slightly higher growth rates are applied (8-20%), based on the historic higher growth rate and higher expectations for the future. In generating a terminal value, a conservative growth in revenue and cost of 2% is applied to all CGUs. With regards to staff cost a growth of 2% is expected in the 3-year interim period and 2% in generating the terminal value for all CGUs. Columbus is operating in a market where the development has low sensitivity to market development in general and to the de-velopment in general IT spending by companies. The manage-ment believes that likely changes in the key assumptions will not cause the carrying amount of goodwill to exceed the recov-erable amounts. Group management has performed a sensitiv-ity analysis of goodwill impairment tests to show the headroom between carrying amount and the recoverable amounts. The sensitivity analysis focuses on changes in free cash flow in ter-minal period with 5% and changes in discount rate with 1 per-centage point. The analysis did not identify any indication of im-pairment. Discount rate The determined discount factors reflect the market assessment of the time value of money in the countries where the cash gen-erating units operate expressed as a risk-free rate and the spe-cific risks associated with each cash-generating unit. The discount rate is determined on an \"after tax\" basis on the as-sessed Weighted Average Costs of Capital (WACC). The discount rate used to calculate the present value of ex-pected future cash flow is 10.0% pre-tax (2023: 11,4%). The discount rate has been determined based on the Capital Asset Pricing Model and comprise a risk-free interest rate, the market risk premium and a beta factor, covering systematic market risk and a company premium. The values for the risk-free interest rate, the market risk premium and the beta factor are deter-mined using external sources. The Group applies the same dis-count rates for all cash generating units, as the risk of the indi-vidual cash generating units are reflected in their estimated cash flow. Most important assumptions for the impairment test With the applied method for the annual impairment test, the growth rate applied in the terminal value and the WACC be-comes the most important assumptions for the net present value of the future cash flows. Overall, the impairment based on the above assumptions demonstrates that the present value of the future cash flows from the cash generating units exceeds the carrying amount of goodwill. The management has applied conservative growth rates for the projection period and for the period following the projection period developed for the purpose of the impairment test. \u25cf Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__95": {
"value": "NOTE 10 Intangible assetsDevelop-Develop-ment Internal ment projects Customer applica-projects in pro-DKK \u00b4000 Goodwill base tions finalized gress Total Group 2024 Balance at 1 January 2024 805,395 45,897 80,331 22,593 0 954,216 Currency translation -4,204 -1,293 0 458 0 -5,039 Additions 0 0 850 0 1,355 2,205 Additions relating to acquisitions 8,996 7,033 0 0 0 16,029 Disposal for the year 0 0 0 -958 0 -958 Balance at 31 December 2024 810,187 51,637 81,181 22,093 1,355 966,453 Amortization at 1 January 2024 151,152 31,505 35,462 21,955 0 240,074 Currency translation 4,559 -1,280 0 442 0 3,721 Amortization 0 8,067 14,150 380 0 22,597 Impairment 18,777 0 0 0 0 18,777 Amortization/depreciation relating to acquisitions0 692 0 0 0 692 Reversal of amortization 0 0 0 -958 0 -958 Amortization at 31 December 2024 174,488 38,984 49,612 21,819 0 284,903 Carrying amount at 31 December 2024635,699 12,653 31,569 274 1,355 681,550 Except for goodwill, economic life of all intangible assets is expected to be finite. The addition on goodwill and customer base relates to the acquisition of Endless Gain Limited cf. note 21. The impairment of DKK 18.8m is related to the prior Security Business Line and is derived from the unsatisfactory perfor-mance in the first half of 2024, as well as the assumptions and basis on which it was originally acquired. Hence an impairment test has been performed, which resulted in a the write down to the recoverable amount (present value of expected future cash flows). Hereafter the Security Business Line has been merged with Business Line Dynamics as Security mostly serves Dynam-ics\u2019 customers. Hence the Goodwill amounting to DKK 32,7m, related to Security has been transferred to Dynamics. The addition on internal applications relates to update of a number of the groups internal IT systems. Develop-Internal ment Customer applica-projects DKK \u00b4000 Goodwill base tions finalized Total Group 2023Balance at 1 January 2023 757.109 64.080 73.237 23.613 918.039 Currency translation -3.277 -31 0 -210 -3.518 Additions 0 0 7.094 0 7.094 Additions relating to acquisitions 51.563 5.300 0 0 56.863 Disposal for the year 0 -23.452 0 -810 -24.262 Balance at 31 December 2023 805.395 45.897 80.331 22.593 954.216 Amortization at 1 January 2023 153.810 46.650 22.208 21.963 244.631 Currency translation -2.658 450 0 -209 -2.417 Amortization 0 7.857 13.254 1.011 22.122 Reversal of amortization 0 -23.452 0 -810 -24.262 Amortization at 31 December 2023 151.152 31.505 35.462 21.955 240.074 Carrying amount at 31 December 2023 654.243 14.392 44.869 638 714.142 Goodwill The carrying amount of goodwill is distributed on cash-generat-ing units as shown below: Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Business Line Dynamics 339,455 309,391 116,040 116,040 M3 153,442 157,173 4,600 4,600 Digital Commerce 114,133 107,296 692 692 Data & Analytics 16,143 16,140 10,025 10,025 Customer Experience & Engagement 6,850 6,921 83 83 Security 0 51,562 0 0 Other Local Business 5,676 5,760 216 216 Total goodwill 635,699 654,243 131,656 131,656 In 2023 Columbus has redefined its operating segments and concurrently changed the definition of cash-generating units to Business Lines. As a consequence of the redefined operating segments, the goodwill has been allocated to the Business Lines based on Revenue and EBTIDA. The above shown figures therefore have been adjusted with comparative figures. The management performs an impairment test of the carrying amount of goodwill, development projects and other non-cur-rent assets at least annually and more frequently if there are in-dicators of impairment. The annual impairment test is per-formed per 31 December 2024 (31 December 2023). The recoverable amount of goodwill related to the individual cash generating units is calculated based on the Discounted Cash Flows method (DCF). Future cash flows The recoverable amount of the individual cash-generating units to which the goodwill belongs is calculated based on the calcu-lations of value in use. The most significant uncertainties are connected to the determination of discount rates, growth rates and expected changes in costs in the budget and terminal peri-ods. Budget for the individual cash generating units is based on a bottom-up process. The key assumptions for the budget are ex-pected development in efficiency (number of chargeable hours compared to total hours) in the consultancy business and ex-pected revenue and gross profits from sale of software and general development in cost. The budget process takes place in October through November and takes into consideration the historical performance and current condition and performance of the cash generating unit in terms of pipeline, order book and current capacity in terms of consultants. The 3-year projection period is based on assumptions for the main revenue stream in Columbus i.e., Consultancy. For the two largest Business Lines which operates within ERP applications, comprising Dynamics an M3, growth rates are generally slightly more modest (8-10%), based on the mature business models. For our strategic Business Lines, comprising of Digital Com-merce, Data & Analytics and Customer Experience & Engage-ment, slightly higher growth rates are applied (8-20%), based on the historic higher growth rate and higher expectations for the future. In generating a terminal value, a conservative growth in revenue and cost of 2% is applied to all CGUs. With regards to staff cost a growth of 2% is expected in the 3-year interim period and 2% in generating the terminal value for all CGUs. Columbus is operating in a market where the development has low sensitivity to market development in general and to the de-velopment in general IT spending by companies. The manage-ment believes that likely changes in the key assumptions will not cause the carrying amount of goodwill to exceed the recov-erable amounts. Group management has performed a sensitiv-ity analysis of goodwill impairment tests to show the headroom between carrying amount and the recoverable amounts. The sensitivity analysis focuses on changes in free cash flow in ter-minal period with 5% and changes in discount rate with 1 per-centage point. The analysis did not identify any indication of im-pairment. Discount rate The determined discount factors reflect the market assessment of the time value of money in the countries where the cash gen-erating units operate expressed as a risk-free rate and the spe-cific risks associated with each cash-generating unit. The discount rate is determined on an \"after tax\" basis on the as-sessed Weighted Average Costs of Capital (WACC). The discount rate used to calculate the present value of ex-pected future cash flow is 10.0% pre-tax (2023: 11,4%). The discount rate has been determined based on the Capital Asset Pricing Model and comprise a risk-free interest rate, the market risk premium and a beta factor, covering systematic market risk and a company premium. The values for the risk-free interest rate, the market risk premium and the beta factor are deter-mined using external sources. The Group applies the same dis-count rates for all cash generating units, as the risk of the indi-vidual cash generating units are reflected in their estimated cash flow. Most important assumptions for the impairment test With the applied method for the annual impairment test, the growth rate applied in the terminal value and the WACC be-comes the most important assumptions for the net present value of the future cash flows. Overall, the impairment based on the above assumptions demonstrates that the present value of the future cash flows from the cash generating units exceeds the carrying amount of goodwill. The management has applied conservative growth rates for the projection period and for the period following the projection period developed for the purpose of the impairment test. \u25cf Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__102": {
"value": "Accounting policies Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__103": {
"value": "Goodwill Goodwill is recognized and measured at initial recognition as the difference between the cost and the net assets of the ac-quired company. The net assets of the acquired company are based on the fair value of assets and liabilities at the acquisition date. On recognition of goodwill, the goodwill is allocated to each of the Group\u2019s activities that generate separate cash flows (cash generating units). The determination of cash-generating units follows the management structure and internal financial management and reporting of the Group. Goodwill is not amortized but is tested annually for impairment. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__105-1": {
"value": "Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.Accounting policies Property plant and equipment These are measured at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and any costs directly attributable to the acquisition until the date the asset is ready for use. Fixtures and equipment are depreciated over 3 to 5 years, equal to the asset\u2019s estimated useful life. Leasehold improve-ments are amortized over the lease period not exceeding 5 years. The basis for depreciation is determined taking into account the residual value less impairment losses. The value is written down to the recoverable amount if this is lower than the carry-ing value. The residual value is determined at the acquisition date and reassessed annually. Depreciation is discontinued if the residual value exceeds the carrying amount. In amendment of the depreciation period or the residual value, the effect is recognized prospectively as a change in account-ing estimates. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__104-1": {
"value": "Customer base Customer bases are primarily capitalized to the fair value of the customer base in acquired companies, recognized during the purchase price allocation. Customer base is amortized on a straight-line basis over 7 years. Internal applications Internal applications comprise internally developed projects, that are carried out to optimize internal workflows. These are measured at cost less accumulated amortization and impair-ment losses. The cost includes wages, salaries, services and other costs directly attributable to the Group\u2019s development and which are necessary to complete the project, from the time when the internal application first qualifies for recognition as an asset. Internal applications are amortized on a straight-line basis over the expected life. The amortization period is usually 5 years. Internal applications are reviewed annually to determine whether there are indications of impairment. If such an indica-tion exists, the asset\u2019s recoverable amount is calculated. If the recoverable amount is lower than the carrying value, the inter-nal applications are impaired to this value. Development projects Development projects are projects that are clearly defined and identifiable, where the technical feasibility, adequate resources and a potential future market or application in the Group can be demonstrated and where the intention is to pro-duce, promote or use the project. Development projects are recognized as intangible assets if the cost can be measured re-liably and there is sufficient assurance that future earnings or the net selling price will cover production, sales, administration and development costs. Other development costs are recog-nized in the statement of comprehensive income as incurred. Development costs are measured at cost less accumulated depreciation and impairment losses. After completion of the development project, development costs are depreciated on straight-line basis over the estimated useful life. The depreciation period is usually 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__110": {
"value": "NOTE 11 Tangible assetsLand and Leasehold Fixtures and DKK \u00b4000buildings improvements equipment Total Group 2024 Balance at 1 January 2024 0 2,849 22,469 25,318 Foreign currency translation 0 -80 -41 -121 Additions 0 254 5,600 5,854 Disposals 0 0 -1,585 -1,585 Balance at 31 December 2024 0 3,023 26,443 29,466 Depreciation at 1 January 2024 0 1,628 9,800 11,428 Foreign currency translation 0 -37 150 113 Depreciation 0 497 7,282 7,779 Reversed depreciation on disposals 0 0 -1,212 -1,212 Depreciation at 31 December 2024 0 2,088 16,020 18,108 Carrying amount at 31 December 2024 0 935 10,423 11,358 Land and Leasehold Fixtures and DKK \u00b4000buildings improvements equipment Total Group 2023Balance at 1 January 2023 91 2,708 15,647 18,446 Foreign currency translation 0 14 64 78 Additions 0 127 7,751 7,878 Additions relating to acquisitions 0 0 11 11 Disposals -91 0 -1,004 -1,095 Balance at 31 December 2023 0 2,849 22,469 25,318 Depreciation at 1 January 2023 91 1,194 4,812 6,097 Foreign currency translation 0 16 -69 -53 Depreciation 0 418 6,054 6,472 Reversed depreciation on disposals -91 0 -997 -1,088 Depreciation at 31 December 2023 0 1,628 9,800 11,428 Carrying amount at 31 December 2023 0 1,221 12,669 13,890 \u25cf Accounting policies Property plant and equipment These are measured at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and any costs directly attributable to the acquisition until the date the asset is ready for use. Fixtures and equipment are depreciated over 3 to 5 years, equal to the asset\u2019s estimated useful life. Leasehold improve-ments are amortized over the lease period not exceeding 5 years. The basis for depreciation is determined taking into account the residual value less impairment losses. The value is written down to the recoverable amount if this is lower than the carry-ing value. The residual value is determined at the acquisition date and reassessed annually. Depreciation is discontinued if the residual value exceeds the carrying amount. In amendment of the depreciation period or the residual value, the effect is recognized prospectively as a change in account-ing estimates. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__113": {
"value": "Accounting policies Property plant and equipment These are measured at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and any costs directly attributable to the acquisition until the date the asset is ready for use. Fixtures and equipment are depreciated over 3 to 5 years, equal to the asset\u2019s estimated useful life. Leasehold improve-ments are amortized over the lease period not exceeding 5 years. The basis for depreciation is determined taking into account the residual value less impairment losses. The value is written down to the recoverable amount if this is lower than the carry-ing value. The residual value is determined at the acquisition date and reassessed annually. Depreciation is discontinued if the residual value exceeds the carrying amount. In amendment of the depreciation period or the residual value, the effect is recognized prospectively as a change in account-ing estimates. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__114-1": {
"value": "NOTE 12 Right-of-use-assets Other DKK \u00b4000equipment Cars Offices Total Group 2024 Balance at 1 January 2024 4,159 16,601 173,931 194,691 Foreign currency translation -123 -285 -2,007 -2,415 Re-assessment of existing assets 318 44 22,487 22,849 Additions 920 2,686 25,398 29,004 Disposals -117 -5,526 -16,242 -21,885 Balance at 31 December 2024 5,157 13,520 203,567 222,244 Depreciation at 1 January 2024 1,627 6,596 104,140 112,363 Foreign currency translation -46 -98 -557 -701 Depreciation 759 3,296 26,982 31,037 Reversed depreciation on disposals -103 -3,472 -15,696 -19,271 Depreciation at 31 December 2024 2,237 6,322 114,869 123,428 Carrying amount at 31 December 2024 2,920 7,198 88,698 98,816 Columbus Group has paid DKK 37m, regarding lease agreements where interest expenses related to lease liabilities amounts to DKK 8m. The repayment of lease liabilities amounts to DKK 29m. Columbus Group has entered into short-term and low-value lease agreements for printers, coffee makers, plants, water and cooling. The total value of these agreements are immaterial. There has been an increase of 20% in right-of-use-assets com-pared to 2023, which mainly relates to reassessment of lease terms. Other DKK \u00b4000equipment Cars Offices Total Group 2023Balance at 1 January 2023 3,336 16,125 153,264 172,725 Foreign currency translation -2 80 -300 -222 Re-assessment of existing assets 1,159 228 34,307 35,694 Additions 479 5,798 5,768 12,045 Additions relating to acquisitions 0 331 1,663 1,994 Disposals -813 -5,961 -20,771 -27,545 Balance at 31 December 2023 4,159 16,601 173,931 194,691 Depreciations at 1 January 2023 1,462 6,413 99,534 107,409 Foreign currency translation -9 -7 -344 -360 Depreciation 768 3,635 24,450 28,853 Reversed depreciation on disposals -594 -3,445 -19,500 -23,539 Depreciation at 31 December 2023 1,627 6,596 104,140 112,363 Carrying amount at 31 December 2023 2,532 10,005 69,791 82,328 Columbus Group has paid DKK 32m, regarding lease agreements where interest expenses related to lease liabilities amounts to DKK 3m. The repayment of lease liabilities amounts to DKK 29m. \u25cf Accounting policies Right-of-use-assets are classified separately from other assets in the financial statement. The right-of-use-assets are depreci-ated on a straight-line basis over the lease term. The right-of-use-asset can be adjusted due to modifications to the lease contract or reassessment of lease term. Columbus\u2019 portfolio of leases include three main groups: Offices, cars and other fixtures. Lease liabilities are initially measured at the net present value of the fixed lease payments for the use of a lease asset. If, at inception of the lease, we are reasonably certain about exercis-ing an option to extend a lease, we will include the lease pay-ments in the option period when calculating the lease liability. We measure the lease asset to the value of the lease liability at initial recognition with the addition of lease payments at or be-fore the commencement date of the lease, less any lease incen-tives received, any initial direct costs, and an estimate of costs to be incurred upon returning the underlying asset to the lessor. Lease liabilities are measured using the incremental borrowing rate, rather than the interest rate implicit in the leases since these cannot easily be determined in the contracts. The incremental borrowing rate comprises of three parts: \u2022 Reference rate \u2022 Financing spread adjustment \u2022 Lease specific adjustment The interest rate used for measuring new lease liabilities is 9.47% (in 2023 it was 8.43). Contracts may contain both lease and non-lease components. We allocate the consideration in a contract to the lease and non-lease components based on their relative stand-alone prices. We account for non-lease components in accordance with the accounting policy applicable for such items. Non-lease components comprise of services and operating costs etc. Var-iable lease expenses are recognized in other external expenses in the period when the condition triggering those payments occurs. Interests of lease liabilities are recognized in financial expenses. Each lease payment is separated into repayment of the lease li-ability and payment of interests of the lease liability. Debt repayments are classified as cash flows from financing activities, and payment of interests are classified as cash flows from operating activities. Short-term leases and leases of low-value assets are not recog-nized as right-of-use-assets. NOTE 18 Lease liability, Right-of-use-assets Other DKK \u00b4000equipment Cars Offices Total Group 2024Less than 1 year 632 2,353 22,844 25,829 Between 1 and 5 years 2,387 4,943 68,905 76,235 More than 5 years 37 0 1,210 1,247 3,056 7,296 92,959 103,311 The Group does not face a significant liquidity risk with regard to its lease liabilities. Lease liabilities are monitored closely by the management. For more information about right-of use as-sets, please refer to note 12. For analysis of maturity, please re-fer to note 24. Other DKK \u00b4000equipment Cars Offices Total Group 2023 Less than 1 year 540 3,080 20,409 24,029 Between 1 and 5 years 2,035 6,995 51,657 60,687 More than 5 years 0 0 0 0 2,575 10,075 72,066 84,716",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__116": {
"value": "Accounting policies Right-of-use-assets are classified separately from other assets in the financial statement. The right-of-use-assets are depreci-ated on a straight-line basis over the lease term. The right-of-use-asset can be adjusted due to modifications to the lease contract or reassessment of lease term. Columbus\u2019 portfolio of leases include three main groups: Offices, cars and other fixtures. Lease liabilities are initially measured at the net present value of the fixed lease payments for the use of a lease asset. If, at inception of the lease, we are reasonably certain about exercis-ing an option to extend a lease, we will include the lease pay-ments in the option period when calculating the lease liability. We measure the lease asset to the value of the lease liability at initial recognition with the addition of lease payments at or be-fore the commencement date of the lease, less any lease incen-tives received, any initial direct costs, and an estimate of costs to be incurred upon returning the underlying asset to the lessor. Lease liabilities are measured using the incremental borrowing rate, rather than the interest rate implicit in the leases since these cannot easily be determined in the contracts. The incremental borrowing rate comprises of three parts: \u2022 Reference rate \u2022 Financing spread adjustment \u2022 Lease specific adjustment The interest rate used for measuring new lease liabilities is 9.47% (in 2023 it was 8.43). Contracts may contain both lease and non-lease components. We allocate the consideration in a contract to the lease and non-lease components based on their relative stand-alone prices. We account for non-lease components in accordance with the accounting policy applicable for such items. Non-lease components comprise of services and operating costs etc. Var-iable lease expenses are recognized in other external expenses in the period when the condition triggering those payments occurs. Interests of lease liabilities are recognized in financial expenses. Each lease payment is separated into repayment of the lease li-ability and payment of interests of the lease liability. Debt repayments are classified as cash flows from financing activities, and payment of interests are classified as cash flows from operating activities. Short-term leases and leases of low-value assets are not recog-nized as right-of-use-assets. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__120-1": {
"value": "Provisions for bad debt are made based on the lifetime expected credit losses in line with the Group\u2019s accounting policies. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Age of receivables (gross): Not due 183,282 193,805 50,382 50,163 0-30 days 76,243 88,157 16,824 11,518 30-60 days 10,192 8,333 5,512 1,253 61-90 days 655 1,068 73 416 91-180 days 955 1,705 32 0 181-270 days 1,174 1,978 13 344 270-360 days 791 197 13 0 Above 360 days 131 564 145 180 Total 273,423 295,807 72,994 63,874 Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Age of impairment:Not due 14 18 0 4 0-30 days 152 220 0 29 30-60 days 122 125 0 19 61-90 days 26 53 0 116 91-180 days 121 426 7 0 181-270 days 137 298 5 344 271-360 days 200 197 8 0 Over 360 days 104 564 116 180 Total 876 1,901 136 692 In Group provisions for over 91 days are lower than usual due toa dispute with a single customer which are on a payment plan. From 2024 provision for overdue receivables is adjusted for VAT (25%). Hence there is a change in the calculation in below provision matrix. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Provision matrix:Not due 0% 0% 0% 0% 0-30 days 0% 0% 0% 0% 30-60 days 2% 2% 0% 2% 61-90 days 5% 5% 0% 28% 91-180 days 16% 25% 27% 100% 181-270 days 15% 15% 50% 100% 271-360 days 32% 100% 75% 0% Over 360 days 100% 100% 100% 100%Credit risks The Group's credit risks primarily derive from trade receivables. Trade receivables are distributed between many customers and geographical areas. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. The maximum credit risk on the balance sheet date equals the carrying amount. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__119": {
"value": "NOTE 14 Trade receivablesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Receivables (gross) at 1 Jan 295,807 261,422 63,874 53,297 Change in receivables during the period -22,384 34,385 9,120 10,577 Receivables (gross) end of period 273,423 295,807 72,994 63,874 Provisions for bad debt at 1 Jan 1,901 6,622 692 5,574 Change in provisions for bad debt during the period 625 -4,767 -266 -4,955 Loss realized during the period -1,650 46 -290 73 Provisions for bad debt end of period 876 1,901 136 692 Carrying amount end of period 272,547 293,906 72,858 63,182 Provisions for bad debt are made based on the lifetime expected credit losses in line with the Group\u2019s accounting policies. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Age of receivables (gross): Not due 183,282 193,805 50,382 50,163 0-30 days 76,243 88,157 16,824 11,518 30-60 days 10,192 8,333 5,512 1,253 61-90 days 655 1,068 73 416 91-180 days 955 1,705 32 0 181-270 days 1,174 1,978 13 344 270-360 days 791 197 13 0 Above 360 days 131 564 145 180 Total 273,423 295,807 72,994 63,874 Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Age of impairment:Not due 14 18 0 4 0-30 days 152 220 0 29 30-60 days 122 125 0 19 61-90 days 26 53 0 116 91-180 days 121 426 7 0 181-270 days 137 298 5 344 271-360 days 200 197 8 0 Over 360 days 104 564 116 180 Total 876 1,901 136 692 In Group provisions for over 91 days are lower than usual due toa dispute with a single customer which are on a payment plan. From 2024 provision for overdue receivables is adjusted for VAT (25%). Hence there is a change in the calculation in below provision matrix. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Provision matrix:Not due 0% 0% 0% 0% 0-30 days 0% 0% 0% 0% 30-60 days 2% 2% 0% 2% 61-90 days 5% 5% 0% 28% 91-180 days 16% 25% 27% 100% 181-270 days 15% 15% 50% 100% 271-360 days 32% 100% 75% 0% Over 360 days 100% 100% 100% 100%\u25cf Accounting policies Receivables consist of receivables from sales of products and services and other receivables. Receivables are measured at initial recognition at fair value and subsequently at amortized cost, which usually corresponds to nominal value less provisions for bad debts. When assessing impairment for the Group\u2019s receivables the expected credit losses model (ECL) is applied in accordance with IFRS 9. The ECL model involves a three-stage approach under which financial assets move through the stages as their credit quality changes. The stages determine how impairment losses are measured. For trade receivables the Group uses the simplified approach in calculating ECL\u2019s. Therefore, the Group does not track changes in credit risk but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-look-ing factors specific to the debtors and the economic environ-ment. Provision rates are determined based on grouping of trade receivables sharing the same credit risk characteristics and days past due. Loans to subsidiaries in the Parent Company\u2019s financial statement Impairment losses on loans to subsidiaries will be recognized based on a 12-month ECL model. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__118": {
"value": "NOTE 14 Trade receivablesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Receivables (gross) at 1 Jan 295,807 261,422 63,874 53,297 Change in receivables during the period -22,384 34,385 9,120 10,577 Receivables (gross) end of period 273,423 295,807 72,994 63,874 Provisions for bad debt at 1 Jan 1,901 6,622 692 5,574 Change in provisions for bad debt during the period 625 -4,767 -266 -4,955 Loss realized during the period -1,650 46 -290 73 Provisions for bad debt end of period 876 1,901 136 692 Carrying amount end of period 272,547 293,906 72,858 63,182 Provisions for bad debt are made based on the lifetime expected credit losses in line with the Group\u2019s accounting policies. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Age of receivables (gross): Not due 183,282 193,805 50,382 50,163 0-30 days 76,243 88,157 16,824 11,518 30-60 days 10,192 8,333 5,512 1,253 61-90 days 655 1,068 73 416 91-180 days 955 1,705 32 0 181-270 days 1,174 1,978 13 344 270-360 days 791 197 13 0 Above 360 days 131 564 145 180 Total 273,423 295,807 72,994 63,874 Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Age of impairment:Not due 14 18 0 4 0-30 days 152 220 0 29 30-60 days 122 125 0 19 61-90 days 26 53 0 116 91-180 days 121 426 7 0 181-270 days 137 298 5 344 271-360 days 200 197 8 0 Over 360 days 104 564 116 180 Total 876 1,901 136 692 In Group provisions for over 91 days are lower than usual due toa dispute with a single customer which are on a payment plan. From 2024 provision for overdue receivables is adjusted for VAT (25%). Hence there is a change in the calculation in below provision matrix. Group Parent Company DKK \u00b4000 2024 2023 2024 2023 Provision matrix:Not due 0% 0% 0% 0% 0-30 days 0% 0% 0% 0% 30-60 days 2% 2% 0% 2% 61-90 days 5% 5% 0% 28% 91-180 days 16% 25% 27% 100% 181-270 days 15% 15% 50% 100% 271-360 days 32% 100% 75% 0% Over 360 days 100% 100% 100% 100%\u25cf Accounting policies Receivables consist of receivables from sales of products and services and other receivables. Receivables are measured at initial recognition at fair value and subsequently at amortized cost, which usually corresponds to nominal value less provisions for bad debts. When assessing impairment for the Group\u2019s receivables the expected credit losses model (ECL) is applied in accordance with IFRS 9. The ECL model involves a three-stage approach under which financial assets move through the stages as their credit quality changes. The stages determine how impairment losses are measured. For trade receivables the Group uses the simplified approach in calculating ECL\u2019s. Therefore, the Group does not track changes in credit risk but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-look-ing factors specific to the debtors and the economic environ-ment. Provision rates are determined based on grouping of trade receivables sharing the same credit risk characteristics and days past due. Loans to subsidiaries in the Parent Company\u2019s financial statement Impairment losses on loans to subsidiaries will be recognized based on a 12-month ECL model. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__122": {
"value": "Accounting policies Receivables consist of receivables from sales of products and services and other receivables. Receivables are measured at initial recognition at fair value and subsequently at amortized cost, which usually corresponds to nominal value less provisions for bad debts. When assessing impairment for the Group\u2019s receivables the expected credit losses model (ECL) is applied in accordance with IFRS 9. The ECL model involves a three-stage approach under which financial assets move through the stages as their credit quality changes. The stages determine how impairment losses are measured. For trade receivables the Group uses the simplified approach in calculating ECL\u2019s. Therefore, the Group does not track changes in credit risk but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-look-ing factors specific to the debtors and the economic environ-ment. Provision rates are determined based on grouping of trade receivables sharing the same credit risk characteristics and days past due. Loans to subsidiaries in the Parent Company\u2019s financial statement Impairment losses on loans to subsidiaries will be recognized based on a 12-month ECL model. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__126": {
"value": "Accounting policies Contract assets and contract liabilities are measured at the sales value of the work performed less progress billings and ex-pected losses. Market value is measured based on completion at the balance sheet date and the total expected income from the contract. The stage of completion is determined as the ra-tio between the resources spent and the total estimated re-source for the project. For some projects where the consump-tion of resources cannot be used as a base, the measurement is instead based on the ratio between completed sub activities and the total project. When it is probable that total costs will exceed total revenue on a contract work in progress, the expected loss on the contract is taken immediately as an expense and a provision. When the outcome of a contract cannot be estimated reliably, the selling price is only recognized at cost, to the extent that it is probable, they will be recovered. Contract assets and contract liabilities are recognized in the balance sheet under current assets or liabilities, depending on whether net value of a contract is a receivable or liability. Costs of sales work and securing contracts are recognized in statement of comprehensive income as incurred. When assessing impairment for the Group\u2019s contract work in progress the simplified approach under the ECL model is used in line with impairment for the Group\u2019s trade receivables.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__123": {
"value": "NOTE 15 Contract assets and contract liabilitiesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Balance at 1 Jan 824 -4,138 -1,377 -1,981 Changes contract assets during the period -15,483 25,631 -5,620 2,279 Changes on account billing and prepayments during the pe-riod12,565 -20,669 6,735 -1,675 Balance at end of period -2,094 824 -262 -1,377 Work in progress 23,814 39,297 3,922 9,542 On account billing and prepayments -25,908 -38,473 -4,184 -10,919 Balance at end of period -2,094 824 -262 -1,377 The net value is included in the balance as follows:Contract assets 5,793 9,065 567 1,375 Contract liabilities -7,887 -8,241 -829 -2,752 Balance at end of period -2,094 824 -262 -1,377 The Group\u2019s contract assets are subject to significant judge-ments in relation to the classification of the contract and in terms of how the contract is handled and recognized in the fi-nancial statements. When determining the appropriate recog-nition of the contract, the Group accounting policies are ap-plied. Of the prepayments as at December 2023 (DKK 8,737k) DKK 6,707k has been recognized as revenue in the reporting period corresponding to 77%. The Group\u2019s total value of contracts represents DKK 25,719k as at 31 December 2024 (DKK 37,529k as at December 2023), DKK 6,953k of the total contract value is recognized as revenue as at 31 December 2024 (DKK 5,252k as at 31 December 2023). The remaining DKK 18,766k is expected to be recog-nized as revenue within 12-18 months from the balance date (DKK 32,276k af 31 December 2023). The lower contract val-ues in 2024 compared to 2023 are due to improved contract billing management in the financial year. \u25cf Accounting policies Contract assets and contract liabilities are measured at the sales value of the work performed less progress billings and ex-pected losses. Market value is measured based on completion at the balance sheet date and the total expected income from the contract. The stage of completion is determined as the ra-tio between the resources spent and the total estimated re-source for the project. For some projects where the consump-tion of resources cannot be used as a base, the measurement is instead based on the ratio between completed sub activities and the total project. When it is probable that total costs will exceed total revenue on a contract work in progress, the expected loss on the contract is taken immediately as an expense and a provision. When the outcome of a contract cannot be estimated reliably, the selling price is only recognized at cost, to the extent that it is probable, they will be recovered. Contract assets and contract liabilities are recognized in the balance sheet under current assets or liabilities, depending on whether net value of a contract is a receivable or liability. Costs of sales work and securing contracts are recognized in statement of comprehensive income as incurred. When assessing impairment for the Group\u2019s contract work in progress the simplified approach under the ECL model is used in line with impairment for the Group\u2019s trade receivables.",
"dimensions": {
"concept": "ifrs-full:ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__128": {
"value": "NOTE 16 Share capitalThe share capital consists of 129,276,264 shares of DKK 1,25, corresponding to DKK 161,595k (nom.). The shares are not di-vided into classes, and no shares have any special rights. The share capital is fully paid up. There has been no capital increase in 2024. Parent Company 2024 2023 Number of shares at the beginning of the year 129,276,264 129,276,264 Number of shares at 31 December 129,276,264 129,276,264",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__127": {
"value": "NOTE 16 Share capitalThe share capital consists of 129,276,264 shares of DKK 1,25, corresponding to DKK 161,595k (nom.). The shares are not di-vided into classes, and no shares have any special rights. The share capital is fully paid up. There has been no capital increase in 2024. Parent Company 2024 2023 Number of shares at the beginning of the year 129,276,264 129,276,264 Number of shares at 31 December 129,276,264 129,276,264",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__131": {
"value": "NOTE 17 Provisions and contingent considerationGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Contingent consideration 5,021 16,961 0 16,961 Other provisions 829 829 829 829 5,850 17,790 829 17,790 Contingent Other DKK \u00b4000consideration provisions Total Group 2024 Balance (non-current) at 1 January 2024 16,961 829 17,790 Balance (current) at 1 January 2024 0 0 0 Additions during the period 4,350 0 4,350 Fair value adjustment 487 0 487 Unachieved earn-out during the period -16,777 0 -16,777 Carrying amount at 31 December 2024 5,021 829 5,850 Carrying amount non-current at 31 December 2024 5,021 829 5,850 Carrying amount current at 31 December 2024 0 0 0 As part of the opening balance of ICY as of April 1, 2023, the contingent consideration was recognized based management's best estimate. Based on unsatisfactory performance in first half of 2024, it is assessed that the earn-out is highly unlikely to be achieved. Hence it is assessed most appropriate to reverse the full earn-out amount on DKK 16.8m and recognize it as another operating income. The addition in 2024 relates fully to the earn-out for Endless Gain. The management has assessed that the provision for the earn-out payment for Endless Gain continues to be based on the best estimate and recognition. The remaining part of the earn-out that is recognized solely represents the provision for Endless Gain. Contingent Other DKK \u00b4000consideration provisions Total Group 2023 Balance (non-current) at 1 January 2023 0 866 866 Balance (current) at 1 January 2023 0 0 0 Additions during the period 18,025 0 18,025 Fair value adjustment 2,040 0 2,040 Unachieved earn out during the period -3,104 0 -3,104 Changes in other provisions 0 -37 -37 Carrying amount at 31 December 2023 16,961 829 17,790 Carrying amount non-current at 31 December 2023 16,961 829 17,790 Carrying amount current at 31 December 2023 0 0 0 Contingent consideration As part of the opening balance of ICY Security as of April 1, 2023, the contingent consideration was recognized based on management's best estimate. Based on unsatisfactory perfor-mance in first half of 2024, it is assessed that the earn-out is unlikely to be achieved. Hence it is assessed most appropriate to reverse the full earn-out amount on DKK 16.8m and recog-nize it as other operating income in 2024. The addition in 2024 relates fully to the earn-out for Endless Gain. The management has assessed that the provision for the earn-out payment for Endless Gain continues to be based on the best estimate and recognition. The remaining part of the earn-out that is recognized solely represents the provision for Endless Gain. The earn-out agreement covers a three-year period. Other provisions Other provisions are primarily related to claims and refurbish-ment obligations of leased assets. \u25cf Accounting policies Provisions Provisions for liabilities are recognized as a result of events oc-curring before or at the balance sheet date, which has a legal or constructive obligation, and it is probable that settlement of the obligation will result in an outflow of economic resources. Provisions are measured at management's best estimate of the amount required to settle the obligation. Provisions with an ex-pected maturity of more than one year from the balance sheet date are measured at present value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__130": {
"value": "NOTE 17 Provisions and contingent considerationGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Contingent consideration 5,021 16,961 0 16,961 Other provisions 829 829 829 829 5,850 17,790 829 17,790 Contingent Other DKK \u00b4000consideration provisions Total Group 2024 Balance (non-current) at 1 January 2024 16,961 829 17,790 Balance (current) at 1 January 2024 0 0 0 Additions during the period 4,350 0 4,350 Fair value adjustment 487 0 487 Unachieved earn-out during the period -16,777 0 -16,777 Carrying amount at 31 December 2024 5,021 829 5,850 Carrying amount non-current at 31 December 2024 5,021 829 5,850 Carrying amount current at 31 December 2024 0 0 0 As part of the opening balance of ICY as of April 1, 2023, the contingent consideration was recognized based management's best estimate. Based on unsatisfactory performance in first half of 2024, it is assessed that the earn-out is highly unlikely to be achieved. Hence it is assessed most appropriate to reverse the full earn-out amount on DKK 16.8m and recognize it as another operating income. The addition in 2024 relates fully to the earn-out for Endless Gain. The management has assessed that the provision for the earn-out payment for Endless Gain continues to be based on the best estimate and recognition. The remaining part of the earn-out that is recognized solely represents the provision for Endless Gain. Contingent Other DKK \u00b4000consideration provisions Total Group 2023 Balance (non-current) at 1 January 2023 0 866 866 Balance (current) at 1 January 2023 0 0 0 Additions during the period 18,025 0 18,025 Fair value adjustment 2,040 0 2,040 Unachieved earn out during the period -3,104 0 -3,104 Changes in other provisions 0 -37 -37 Carrying amount at 31 December 2023 16,961 829 17,790 Carrying amount non-current at 31 December 2023 16,961 829 17,790 Carrying amount current at 31 December 2023 0 0 0 Contingent consideration As part of the opening balance of ICY Security as of April 1, 2023, the contingent consideration was recognized based on management's best estimate. Based on unsatisfactory perfor-mance in first half of 2024, it is assessed that the earn-out is unlikely to be achieved. Hence it is assessed most appropriate to reverse the full earn-out amount on DKK 16.8m and recog-nize it as other operating income in 2024. The addition in 2024 relates fully to the earn-out for Endless Gain. The management has assessed that the provision for the earn-out payment for Endless Gain continues to be based on the best estimate and recognition. The remaining part of the earn-out that is recognized solely represents the provision for Endless Gain. The earn-out agreement covers a three-year period. Other provisions Other provisions are primarily related to claims and refurbish-ment obligations of leased assets. \u25cf Accounting policies Provisions Provisions for liabilities are recognized as a result of events oc-curring before or at the balance sheet date, which has a legal or constructive obligation, and it is probable that settlement of the obligation will result in an outflow of economic resources. Provisions are measured at management's best estimate of the amount required to settle the obligation. Provisions with an ex-pected maturity of more than one year from the balance sheet date are measured at present value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__129": {
"value": "NOTE 17 Provisions and contingent considerationGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Contingent consideration 5,021 16,961 0 16,961 Other provisions 829 829 829 829 5,850 17,790 829 17,790 Contingent Other DKK \u00b4000consideration provisions Total Group 2024 Balance (non-current) at 1 January 2024 16,961 829 17,790 Balance (current) at 1 January 2024 0 0 0 Additions during the period 4,350 0 4,350 Fair value adjustment 487 0 487 Unachieved earn-out during the period -16,777 0 -16,777 Carrying amount at 31 December 2024 5,021 829 5,850 Carrying amount non-current at 31 December 2024 5,021 829 5,850 Carrying amount current at 31 December 2024 0 0 0 As part of the opening balance of ICY as of April 1, 2023, the contingent consideration was recognized based management's best estimate. Based on unsatisfactory performance in first half of 2024, it is assessed that the earn-out is highly unlikely to be achieved. Hence it is assessed most appropriate to reverse the full earn-out amount on DKK 16.8m and recognize it as another operating income. The addition in 2024 relates fully to the earn-out for Endless Gain. The management has assessed that the provision for the earn-out payment for Endless Gain continues to be based on the best estimate and recognition. The remaining part of the earn-out that is recognized solely represents the provision for Endless Gain. Contingent Other DKK \u00b4000consideration provisions Total Group 2023 Balance (non-current) at 1 January 2023 0 866 866 Balance (current) at 1 January 2023 0 0 0 Additions during the period 18,025 0 18,025 Fair value adjustment 2,040 0 2,040 Unachieved earn out during the period -3,104 0 -3,104 Changes in other provisions 0 -37 -37 Carrying amount at 31 December 2023 16,961 829 17,790 Carrying amount non-current at 31 December 2023 16,961 829 17,790 Carrying amount current at 31 December 2023 0 0 0 Contingent consideration As part of the opening balance of ICY Security as of April 1, 2023, the contingent consideration was recognized based on management's best estimate. Based on unsatisfactory perfor-mance in first half of 2024, it is assessed that the earn-out is unlikely to be achieved. Hence it is assessed most appropriate to reverse the full earn-out amount on DKK 16.8m and recog-nize it as other operating income in 2024. The addition in 2024 relates fully to the earn-out for Endless Gain. The management has assessed that the provision for the earn-out payment for Endless Gain continues to be based on the best estimate and recognition. The remaining part of the earn-out that is recognized solely represents the provision for Endless Gain. The earn-out agreement covers a three-year period. Other provisions Other provisions are primarily related to claims and refurbish-ment obligations of leased assets. \u25cf Accounting policies Provisions Provisions for liabilities are recognized as a result of events oc-curring before or at the balance sheet date, which has a legal or constructive obligation, and it is probable that settlement of the obligation will result in an outflow of economic resources. Provisions are measured at management's best estimate of the amount required to settle the obligation. Provisions with an ex-pected maturity of more than one year from the balance sheet date are measured at present value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__133": {
"value": "Accounting policies Provisions Provisions for liabilities are recognized as a result of events oc-curring before or at the balance sheet date, which has a legal or constructive obligation, and it is probable that settlement of the obligation will result in an outflow of economic resources. Provisions are measured at management's best estimate of the amount required to settle the obligation. Provisions with an ex-pected maturity of more than one year from the balance sheet date are measured at present value.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__135-1": {
"value": "NOTE 18 Lease liability, Right-of-use-assets Other DKK \u00b4000equipment Cars Offices Total Group 2024Less than 1 year 632 2,353 22,844 25,829 Between 1 and 5 years 2,387 4,943 68,905 76,235 More than 5 years 37 0 1,210 1,247 3,056 7,296 92,959 103,311 The Group does not face a significant liquidity risk with regard to its lease liabilities. Lease liabilities are monitored closely by the management. For more information about right-of use as-sets, please refer to note 12. For analysis of maturity, please re-fer to note 24. Other DKK \u00b4000equipment Cars Offices Total Group 2023 Less than 1 year 540 3,080 20,409 24,029 Between 1 and 5 years 2,035 6,995 51,657 60,687 More than 5 years 0 0 0 0 2,575 10,075 72,066 84,716The below maturity analysis is based on undiscounted cash flow, and the method of accounting is equivalent to Columbus' cash flow exposure going forward. The maturity analysis shows a balanced current ratio. The total financial liabilities are expected to be financed by the positive cash flows from primary activities, as well as unused lines of credit. Further, part of the short-term financial liabilities is not expected to fall due for payment. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Group 2024Financial assets Trade receivables 272,547 0 0 272,547 Contract assets 5,793 0 0 5,793 Corporate tax receivables 247 0 0 247 Other receivables 5,415 3,164 12,304 20,883 Receivables from divestment of activities 60,715 0 0 60,715 Prepayments 26,978 0 0 26,978 Cash and bank balances 79,223 0 0 79,223 Total financial assets 450,918 3,164 12,304 466,386 Financial liabilities Debt to credit institutions 43,990 82,536 0 126,526 Contingent consideration 0 5,021 0 5,021 Trade payables 48,772 0 0 48,772 Other payables 220,350 0 0 220,350 Lease liability right-of-use assets 31,440 83,863 1,285 116,588 Total financial liabilities 344,552 171,420 1,285 517,257 Ratio 1.31 0.90 The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Liquidity risk management The Group manages liquidity risk by maintaining adequate re-serves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. For all the primary financial instruments, the carrying amounts are equivalent to the fair value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -3,990 -6,536 0 -10,526 Lease liability right-of-use assets -8,214 -11,895 -38 -20,147 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Group 2023Financial assetsTrade receivables 293,906 0 0 293,906 Contract assets 9,065 0 0 9,065 Corporate tax receivables 2,049 0 0 2,049 Other receivables 13,709 6,521 12,820 33,050 Receivables from divestment of activities 57,322 0 0 57,322 Prepayments 31,089 0 0 31,089 Cash and bank balances 38,269 0 0 38,269 Total financial assets 445,409 6,521 12,820 464,750 Financial liabilities Debt to credit institutions 41,656 129,398 0 171,054 Contingent consideration 0 16,961 0 16,961 Trade payables 60,666 0 0 60,666 Other payables 217,938 0 0 217,938 Lease liability right-of-use assets 29,640 68,315 0 97,955 Total financial liabilities 349,900 214,674 0 564,574 Ratio 1.27 0.82 The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -5,359 -13,398 0 -18,757 Lease liability right-of-use assets -5,611 -7,628 0 -13,239 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Parent 2024Financial assets Trade receivables 72,858 0 0 72,858 Receivables from subsidiaries 96,073 0 0 96,073 Contract assets 567 0 0 567 Other receivables 3,400 3,164 3,324 9,888 Prepayments 9,089 0 0 9,089 Cash and bank balances 35,422 0 0 35,422 Total financial assets 217,409 3,164 3,324 223,897 Financial liabilities Debt to credit institutions 46,703 82,536 0 129,239 Contingent consideration 0 0 0 0 Debt to subsidiaries 97,158 0 0 97,158 Trade payables 11,995 0 0 11,995 Other payables 49,051 0 0 49,051 Lease liability right-of-use assets 6,652 16,789 360 23,801 Total financial liabilities 211,559 99,325 360 311,244 Ratio 1.03 0.72 The total financial liabilities are expected to be financed by the positive cash flows from primary activities, as well as unused lines of credit. Further, part of the short-term financial liabilities is not expected to fall due for payment. The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -3,990 -6,536 0 -10,526 Lease liability right-of-use assets -1,620 -2,613 -4 -4,237 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Parent 2023Financial assets Trade receivables 63,182 0 0 63,182 Receivables from subsidiaries 82,611 0 0 82,611 Contract assets 1,375 0 0 1,375 Other receivables 9,737 6,521 3,553 19,811 Prepayments 13,745 0 0 13,745 Cash and bank balances 602 0 0 602 Total financial assets 171,252 6,521 3,553 181,326 Financial liabilities Debt to credit institutions 41,673 129,398 0 171,071 Contingent consideration 0 16,961 0 16,961 Debt to subsidiaries 58,651 0 0 58,651 Trade payables 20,249 0 0 20,249 Other payables 54,414 0 0 54,414 Lease liability right-of-use assets 6,842 14,235 0 21,077 Total financial liabilities 181,829 160,594 0 342,423 Ratio 0.94 0.53 The below table discloses the expected interest payments for credit institutions and for provisions the discounted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -5,359 -13,398 0 -18,757 Lease liability right-of-use assets -1,281 -1,768 0 -3,049Financing facilities Group DKK \u00b4000 2024 2023 Cash and bank balances 79,223 38,269 Unused credits 126,237 57,619 205,460 95,888 The Group's cash reserves consist of cash and unused credits. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__139": {
"value": "Accounting policies Current liabilities Current liabilities include bank loans, trade payables and other liabilities to public authorities, etc. Current liabilities are initially measured at fair value, less any transaction costs. In subse-quent periods, current liabilities are measured at amortized cost using the \"effective interest method\" so that the differ-ence between the proceeds and the nominal value is recog-nized in the income statement under financial expenses over the loan period. Other liabilities are measured at amortized cost. Pensions Contributions to defined contribution plans are recognized in the statement of comprehensive income in the period to which they relate, and any contributions payable are recognized in the balance sheet under other payables. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__137": {
"value": "NOTE 19 Other payablesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Payroll cost, payroll tax, retirement benefit obligations etc. 112,582 101,021 29,636 27,879 Holiday pay etc. 56,577 50,046 13,077 8,352 VAT payable 26,819 32,482 3,228 11,604 Other liabilities 24,372 34,389 3,110 6,579 220,350 217,938 49,051 54,414 The carrying amount of other payables matches the fair value of the liabilities. The holiday pay obligation represents the Group\u2019s obligation to pay salary during employees' holiday in the following financial year. \u25cf Accounting policies Current liabilities Current liabilities include bank loans, trade payables and other liabilities to public authorities, etc. Current liabilities are initially measured at fair value, less any transaction costs. In subse-quent periods, current liabilities are measured at amortized cost using the \"effective interest method\" so that the differ-ence between the proceeds and the nominal value is recog-nized in the income statement under financial expenses over the loan period. Other liabilities are measured at amortized cost. Pensions Contributions to defined contribution plans are recognized in the statement of comprehensive income in the period to which they relate, and any contributions payable are recognized in the balance sheet under other payables. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__136": {
"value": "NOTE 19 Other payablesGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Payroll cost, payroll tax, retirement benefit obligations etc. 112,582 101,021 29,636 27,879 Holiday pay etc. 56,577 50,046 13,077 8,352 VAT payable 26,819 32,482 3,228 11,604 Other liabilities 24,372 34,389 3,110 6,579 220,350 217,938 49,051 54,414 The carrying amount of other payables matches the fair value of the liabilities. The holiday pay obligation represents the Group\u2019s obligation to pay salary during employees' holiday in the following financial year. \u25cf Accounting policies Current liabilities Current liabilities include bank loans, trade payables and other liabilities to public authorities, etc. Current liabilities are initially measured at fair value, less any transaction costs. In subse-quent periods, current liabilities are measured at amortized cost using the \"effective interest method\" so that the differ-ence between the proceeds and the nominal value is recog-nized in the income statement under financial expenses over the loan period. Other liabilities are measured at amortized cost. Pensions Contributions to defined contribution plans are recognized in the statement of comprehensive income in the period to which they relate, and any contributions payable are recognized in the balance sheet under other payables. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__142": {
"value": "NOTE 21 Business combinationsAcquisition of companies in 2024 The Group has per 1 January 2024 acquired Endless Gain Lim-ited. The acquisition was a share purchase. After recognition of identifiable assets, liabilities and contin-gent liabilities at fair value, goodwill in relation to the acquisition was assessed at GBP 1,049k (as at 31 December 2023 DKK 8,996k). The opening balance presented is a preliminary balance since post-closing work is still ongoing. Contingent consideration The contingent consideration is based on a 3-year earn-out period with an increasing potential payout each year based on specified revenue and Business Line contribution targets for each earn-out period. The minimum payout for the entire con-tingent consideration is GBP 0, while the maximum is GBP 1,950k (as at 31 December 2023 DKK 16,726k). The earn-out period covers the financial years 2024 \u2013 2026. The most prob-able undiscounted contingent consideration for the three-year period is assessed at GBP 658k (as at 31 December 2023 DKK 5,644k). The fair value of the contingent consideration is GBP 507k (as at 31 December 2023 DKK 4,349k). The esti-mates are based on a Weighted Average Cost of Capital (WACC) of 10% as the basis for the calculation. Other information The fair value of acquired trade receivables is GBP 218k (as at 31 December 2023 DKK 1,866k). No material amounts are rec-ognized as provision for loss. Goodwill is primarily attributable to the specific competences within the advanced analytical and behavioural psychology in-sights their platform generates in Endless Gain. The goodwill is fully allocated to the Business Line Digital Commerce and is notdeductible for tax purposes. All transaction costs were included in the Other external cost in the income statement. Revenue and profit contribution Endless Gain Limited were acquired on 1 January 2024; hence all revenue and profit contribution will be included in the finan-cial year 2024. Total Primary Date of Acquired Acquired consideration Nameactivitycontrol gained ownership voting rights DKK \u2019000 E-commerce 01 January Endless Gain Limitedbusiness2024 100% 100% 17,500 Total 17,500 Endless Gain DKK \u00b4000Limited Total 2024 Other intangible assets 7,033 7,033 Total non-current assets 7,033 7,033 Trade receivables 1,866 1,866 Prepayments 103 103 Other receivables 148 148 Cash 3,139 3,139 Total current assets 5,256 5,256 Trade payables -237 -237 Debt to credit institutions -123 -123 Corporation tax and deferred tax -2,262 -2,262 Accruals -174 -174 Other debt -989 -989 Total current debt -3,785 -3,785 Net assets acquired 8,504 8,504 Goodwill 8,996 8,996 Total consideration 17,500 17,500 Net working capital not paid 1,704 1,704 Acquired cash funds -3,016 -3,016 Contingent consideration -4,350 -4,350 Cash consideration on acquisition date 11,838 11,838",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__144": {
"value": "NOTE 23 Fee to the Group's auditor elected by the annual general meetingGroup Parent Company DKK \u00b4000 2024 2023 2024 2023 Auditor elected by the annual general meeting Statutory audit 3,089 2,976 584 481 Other assurance services 1,434 34 1,334 34 Other non-audit services 106 88 106 88 Total audit fee 4,629 3,098 2,024 603 A few Group enterprises are not audited by the Parent\u2019s appointed auditors (PwC) or the auditor\u2019s foreign affiliates. Other services provided by the auditors elected by the annual general meeting comprise of audit fee for the ESG reporting. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__147": {
"value": "The below maturity analysis is based on undiscounted cash flow, and the method of accounting is equivalent to Columbus' cash flow exposure going forward. The maturity analysis shows a balanced current ratio. The total financial liabilities are expected to be financed by the positive cash flows from primary activities, as well as unused lines of credit. Further, part of the short-term financial liabilities is not expected to fall due for payment. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Group 2024Financial assets Trade receivables 272,547 0 0 272,547 Contract assets 5,793 0 0 5,793 Corporate tax receivables 247 0 0 247 Other receivables 5,415 3,164 12,304 20,883 Receivables from divestment of activities 60,715 0 0 60,715 Prepayments 26,978 0 0 26,978 Cash and bank balances 79,223 0 0 79,223 Total financial assets 450,918 3,164 12,304 466,386 Financial liabilities Debt to credit institutions 43,990 82,536 0 126,526 Contingent consideration 0 5,021 0 5,021 Trade payables 48,772 0 0 48,772 Other payables 220,350 0 0 220,350 Lease liability right-of-use assets 31,440 83,863 1,285 116,588 Total financial liabilities 344,552 171,420 1,285 517,257 Ratio 1.31 0.90 The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Liquidity risk management The Group manages liquidity risk by maintaining adequate re-serves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. For all the primary financial instruments, the carrying amounts are equivalent to the fair value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -3,990 -6,536 0 -10,526 Lease liability right-of-use assets -8,214 -11,895 -38 -20,147 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Group 2023Financial assetsTrade receivables 293,906 0 0 293,906 Contract assets 9,065 0 0 9,065 Corporate tax receivables 2,049 0 0 2,049 Other receivables 13,709 6,521 12,820 33,050 Receivables from divestment of activities 57,322 0 0 57,322 Prepayments 31,089 0 0 31,089 Cash and bank balances 38,269 0 0 38,269 Total financial assets 445,409 6,521 12,820 464,750 Financial liabilities Debt to credit institutions 41,656 129,398 0 171,054 Contingent consideration 0 16,961 0 16,961 Trade payables 60,666 0 0 60,666 Other payables 217,938 0 0 217,938 Lease liability right-of-use assets 29,640 68,315 0 97,955 Total financial liabilities 349,900 214,674 0 564,574 Ratio 1.27 0.82 The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -5,359 -13,398 0 -18,757 Lease liability right-of-use assets -5,611 -7,628 0 -13,239 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Parent 2024Financial assets Trade receivables 72,858 0 0 72,858 Receivables from subsidiaries 96,073 0 0 96,073 Contract assets 567 0 0 567 Other receivables 3,400 3,164 3,324 9,888 Prepayments 9,089 0 0 9,089 Cash and bank balances 35,422 0 0 35,422 Total financial assets 217,409 3,164 3,324 223,897 Financial liabilities Debt to credit institutions 46,703 82,536 0 129,239 Contingent consideration 0 0 0 0 Debt to subsidiaries 97,158 0 0 97,158 Trade payables 11,995 0 0 11,995 Other payables 49,051 0 0 49,051 Lease liability right-of-use assets 6,652 16,789 360 23,801 Total financial liabilities 211,559 99,325 360 311,244 Ratio 1.03 0.72 The total financial liabilities are expected to be financed by the positive cash flows from primary activities, as well as unused lines of credit. Further, part of the short-term financial liabilities is not expected to fall due for payment. The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -3,990 -6,536 0 -10,526 Lease liability right-of-use assets -1,620 -2,613 -4 -4,237 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Parent 2023Financial assets Trade receivables 63,182 0 0 63,182 Receivables from subsidiaries 82,611 0 0 82,611 Contract assets 1,375 0 0 1,375 Other receivables 9,737 6,521 3,553 19,811 Prepayments 13,745 0 0 13,745 Cash and bank balances 602 0 0 602 Total financial assets 171,252 6,521 3,553 181,326 Financial liabilities Debt to credit institutions 41,673 129,398 0 171,071 Contingent consideration 0 16,961 0 16,961 Debt to subsidiaries 58,651 0 0 58,651 Trade payables 20,249 0 0 20,249 Other payables 54,414 0 0 54,414 Lease liability right-of-use assets 6,842 14,235 0 21,077 Total financial liabilities 181,829 160,594 0 342,423 Ratio 0.94 0.53 The below table discloses the expected interest payments for credit institutions and for provisions the discounted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -5,359 -13,398 0 -18,757 Lease liability right-of-use assets -1,281 -1,768 0 -3,049",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__145": {
"value": "NOTE 24 Financial risks and financial instrumentsThe below maturity analysis is based on undiscounted cash flow, and the method of accounting is equivalent to Columbus' cash flow exposure going forward. The maturity analysis shows a balanced current ratio. The total financial liabilities are expected to be financed by the positive cash flows from primary activities, as well as unused lines of credit. Further, part of the short-term financial liabilities is not expected to fall due for payment. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Group 2024Financial assets Trade receivables 272,547 0 0 272,547 Contract assets 5,793 0 0 5,793 Corporate tax receivables 247 0 0 247 Other receivables 5,415 3,164 12,304 20,883 Receivables from divestment of activities 60,715 0 0 60,715 Prepayments 26,978 0 0 26,978 Cash and bank balances 79,223 0 0 79,223 Total financial assets 450,918 3,164 12,304 466,386 Financial liabilities Debt to credit institutions 43,990 82,536 0 126,526 Contingent consideration 0 5,021 0 5,021 Trade payables 48,772 0 0 48,772 Other payables 220,350 0 0 220,350 Lease liability right-of-use assets 31,440 83,863 1,285 116,588 Total financial liabilities 344,552 171,420 1,285 517,257 Ratio 1.31 0.90 The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Liquidity risk management The Group manages liquidity risk by maintaining adequate re-serves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. For all the primary financial instruments, the carrying amounts are equivalent to the fair value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -3,990 -6,536 0 -10,526 Lease liability right-of-use assets -8,214 -11,895 -38 -20,147 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Group 2023Financial assetsTrade receivables 293,906 0 0 293,906 Contract assets 9,065 0 0 9,065 Corporate tax receivables 2,049 0 0 2,049 Other receivables 13,709 6,521 12,820 33,050 Receivables from divestment of activities 57,322 0 0 57,322 Prepayments 31,089 0 0 31,089 Cash and bank balances 38,269 0 0 38,269 Total financial assets 445,409 6,521 12,820 464,750 Financial liabilities Debt to credit institutions 41,656 129,398 0 171,054 Contingent consideration 0 16,961 0 16,961 Trade payables 60,666 0 0 60,666 Other payables 217,938 0 0 217,938 Lease liability right-of-use assets 29,640 68,315 0 97,955 Total financial liabilities 349,900 214,674 0 564,574 Ratio 1.27 0.82 The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -5,359 -13,398 0 -18,757 Lease liability right-of-use assets -5,611 -7,628 0 -13,239 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Parent 2024Financial assets Trade receivables 72,858 0 0 72,858 Receivables from subsidiaries 96,073 0 0 96,073 Contract assets 567 0 0 567 Other receivables 3,400 3,164 3,324 9,888 Prepayments 9,089 0 0 9,089 Cash and bank balances 35,422 0 0 35,422 Total financial assets 217,409 3,164 3,324 223,897 Financial liabilities Debt to credit institutions 46,703 82,536 0 129,239 Contingent consideration 0 0 0 0 Debt to subsidiaries 97,158 0 0 97,158 Trade payables 11,995 0 0 11,995 Other payables 49,051 0 0 49,051 Lease liability right-of-use assets 6,652 16,789 360 23,801 Total financial liabilities 211,559 99,325 360 311,244 Ratio 1.03 0.72 The total financial liabilities are expected to be financed by the positive cash flows from primary activities, as well as unused lines of credit. Further, part of the short-term financial liabilities is not expected to fall due for payment. The below table discloses the expected interest payments for credit institutions and for lease liability and provisions the dis-counted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -3,990 -6,536 0 -10,526 Lease liability right-of-use assets -1,620 -2,613 -4 -4,237 Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Parent 2023Financial assets Trade receivables 63,182 0 0 63,182 Receivables from subsidiaries 82,611 0 0 82,611 Contract assets 1,375 0 0 1,375 Other receivables 9,737 6,521 3,553 19,811 Prepayments 13,745 0 0 13,745 Cash and bank balances 602 0 0 602 Total financial assets 171,252 6,521 3,553 181,326 Financial liabilities Debt to credit institutions 41,673 129,398 0 171,071 Contingent consideration 0 16,961 0 16,961 Debt to subsidiaries 58,651 0 0 58,651 Trade payables 20,249 0 0 20,249 Other payables 54,414 0 0 54,414 Lease liability right-of-use assets 6,842 14,235 0 21,077 Total financial liabilities 181,829 160,594 0 342,423 Ratio 0.94 0.53 The below table discloses the expected interest payments for credit institutions and for provisions the discounted interest on the debt to represent net present value. Between Less than 1 and 5 More than DKK \u00b40001 year years 5 years Total Debt to credit institutions -5,359 -13,398 0 -18,757 Lease liability right-of-use assets -1,281 -1,768 0 -3,049Financing facilities Group DKK \u00b4000 2024 2023 Cash and bank balances 79,223 38,269 Unused credits 126,237 57,619 205,460 95,888 The Group's cash reserves consist of cash and unused credits. Foreign exchange rate risk, interest rate risk and use of financial instruments As a consequence of the operation, investments and financing, the Group is exposed to changes in foreign exchange rates and interest rates. The Parent Company controls the financial risks in the Group centrally and coordinates the cash management, including cash generation and excess liquidity. The Group fol-lows a finance policy approved by the Board of Directors, and operates with a low risk profile, in order to ensure that foreign exchange rate risks and interest risks only occur in commercial situations. Fluctuations in exchange rates have an effect on the Group's equity, results and revenue. As approx., 72% of the revenue comes from NOK, SEK, GBP, USD, CLP, CZK, PLN and INR the Group has performed a sensitive analysis on the relevant for-eign exchange rates. The exchange rate risk for EUR is consid-ered to be minimal. The sensitivity effect is symmetrical in both decrease and increase situations. Profit after tax exchange rates sensitivity Group DKK \u00b4000 2024 2023 Effect of 10% decrease in USD -133 391 Effect of 10% decrease in GBP -4,530 -1,385 Effect of 10% decrease in SEK -1,528 -917 Effect of 10% decrease in NOK 2,296 2,033 Effect of 10% decrease in CLP -250 -101 Effect of 10% decrease in CZK -146 -118 Effect of 10% decrease in PLN -131 -259 Effect of 10% decrease in INR -300 -551 The table above (effect on profit after tax exchange rates) have the same effect on equity. Interest rates Fluctuations in interest rates have an effect on the Group's financial instruments. By the end of 2024, an increase in inter-est rates of half a percentage point would increase the Group's interest by DKK 633k (2023: DKK 659k). The financial liabilities included in the sensitivity analysis include long-term and short-term debt to credit institutions. Credit risks The Group's credit risks primarily derive from trade receivables. Trade receivables are distributed between many customers and geographical areas. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. The maximum credit risk on the balance sheet date equals the carrying amount. Optimization of capital structure The Group management continuously determines whether the capital structure is in accordance with the interests of the Company and shareholders. The overall goal is to ensure a capi-tal structure which supports long-term financial growth, and at the same time maximizes the return to the Group's stakehold-ers through optimization of the debt and equity balance. The Group's capital structure consists of debt, comprising financial liabilities such as bank loans, lease liabilities, corporation tax payable, cash and equity, including share capital, reserves for foreign exchange adjustments and profit/loss carried forward. Breach of loan agreements The Group has neither in the financial year 2024 nor in 2023 failed to perform or defaulted on any loan agreements. Parent Company The Parent Company is not exposed in the same level as the Group to changes in foreign exchange rates due to limited operations in other currencies than DKK. Interest rate risk is considered to be equal to the Group\u2019s level of risk since the Parent Company controls the financial risks in the Group centrally and coordinates the cash management. The Parent's credit risks are primarily deriving from trade receivables and intercompany receivables. Trade receivables are assessed for impairment based on the ECL model, cf. note 14. The maximum credit risk on the balance date equals the carrying amount. Foreign exchange rate risk is primarily related to transactions in SEK, NOK, USD and GBP. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__150-1": {
"value": "Foreign exchange rate risk, interest rate risk and use of financial instruments As a consequence of the operation, investments and financing, the Group is exposed to changes in foreign exchange rates and interest rates. The Parent Company controls the financial risks in the Group centrally and coordinates the cash management, including cash generation and excess liquidity. The Group fol-lows a finance policy approved by the Board of Directors, and operates with a low risk profile, in order to ensure that foreign exchange rate risks and interest risks only occur in commercial situations. Fluctuations in exchange rates have an effect on the Group's equity, results and revenue. As approx., 72% of the revenue comes from NOK, SEK, GBP, USD, CLP, CZK, PLN and INR the Group has performed a sensitive analysis on the relevant for-eign exchange rates. The exchange rate risk for EUR is consid-ered to be minimal. The sensitivity effect is symmetrical in both decrease and increase situations. Profit after tax exchange rates sensitivity Group DKK \u00b4000 2024 2023 Effect of 10% decrease in USD -133 391 Effect of 10% decrease in GBP -4,530 -1,385 Effect of 10% decrease in SEK -1,528 -917 Effect of 10% decrease in NOK 2,296 2,033 Effect of 10% decrease in CLP -250 -101 Effect of 10% decrease in CZK -146 -118 Effect of 10% decrease in PLN -131 -259 Effect of 10% decrease in INR -300 -551 The table above (effect on profit after tax exchange rates) have the same effect on equity. Interest rates Fluctuations in interest rates have an effect on the Group's financial instruments. By the end of 2024, an increase in inter-est rates of half a percentage point would increase the Group's interest by DKK 633k (2023: DKK 659k). The financial liabilities included in the sensitivity analysis include long-term and short-term debt to credit institutions. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__146": {
"value": "Foreign exchange rate risk, interest rate risk and use of financial instruments As a consequence of the operation, investments and financing, the Group is exposed to changes in foreign exchange rates and interest rates. The Parent Company controls the financial risks in the Group centrally and coordinates the cash management, including cash generation and excess liquidity. The Group fol-lows a finance policy approved by the Board of Directors, and operates with a low risk profile, in order to ensure that foreign exchange rate risks and interest risks only occur in commercial situations. Fluctuations in exchange rates have an effect on the Group's equity, results and revenue. As approx., 72% of the revenue comes from NOK, SEK, GBP, USD, CLP, CZK, PLN and INR the Group has performed a sensitive analysis on the relevant for-eign exchange rates. The exchange rate risk for EUR is consid-ered to be minimal. The sensitivity effect is symmetrical in both decrease and increase situations. Profit after tax exchange rates sensitivity Group DKK \u00b4000 2024 2023 Effect of 10% decrease in USD -133 391 Effect of 10% decrease in GBP -4,530 -1,385 Effect of 10% decrease in SEK -1,528 -917 Effect of 10% decrease in NOK 2,296 2,033 Effect of 10% decrease in CLP -250 -101 Effect of 10% decrease in CZK -146 -118 Effect of 10% decrease in PLN -131 -259 Effect of 10% decrease in INR -300 -551 The table above (effect on profit after tax exchange rates) have the same effect on equity. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__153-1": {
"value": "Optimization of capital structure The Group management continuously determines whether the capital structure is in accordance with the interests of the Company and shareholders. The overall goal is to ensure a capi-tal structure which supports long-term financial growth, and at the same time maximizes the return to the Group's stakehold-ers through optimization of the debt and equity balance. The Group's capital structure consists of debt, comprising financial liabilities such as bank loans, lease liabilities, corporation tax payable, cash and equity, including share capital, reserves for foreign exchange adjustments and profit/loss carried forward. Breach of loan agreements The Group has neither in the financial year 2024 nor in 2023 failed to perform or defaulted on any loan agreements. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__162": {
"value": "NOTE 30 Events after the reporting period There have been no events after the balance sheet date to be accounted for. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__163": {
"value": "NOTE 31 Approval of publication of the Annual ReportOn the Board meeting on 13 March 2025 the Board of Directors approved publication of the Annual Report 2024. The Annual Report 2024 will be submitted for approval by the shareholders of Columbus A/S on the Annual General Meeting on 29 April 2025. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__227": {
"value": "Columbus A/S",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__226": {
"value": "Columbus A/S",
"dimensions": {
"concept": "ifrs-full:NameOfUltimateParentOfGroup",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__225": {
"value": "Columbus A/S",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__228": {
"value": "A/S",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__224": {
"value": "Lautrupvang 6",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"f0__s9__7__229": {
"value": "Ballerup",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:213800WP2W676G7HLJ94",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"tfn-1": {
"value": "At the Annual General Meeting held on 25 April 2024, Columbus adopted a dividend of DKK 0.125 per share.",
"dimensions": {
"concept": "xbrl:note",
"noteId": "tfn-1",
"language": "en"
}
}
}
}